Victoria’s Labor Government Announces $250 Million for Businesses in Its 7-day Lockdown

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Victorian businesses forced to shut during the state’s fourth lockdown will be given a A$250 million lifeline, although there is no support for out-of-pocket workers, the state government announced on Sunday. The $250 million package includes $190 million in $2500 grants for businesses, $40.7 million in $3500 grants for liquor licence and food certificate holders and $20 million for event operators. The government expects 90,000 small to medium-sized businesses and sole traders to be eligible for the payments. Treasurer Tim Pallas said the quarter of a billion dollar package was bigger and broader than that provided during the state’s snap lockdown in February—a strategy first adopted in communist China. “It’s the single biggest package on a pro-rata basis that this state or any state has provided,” he told reporters on Sunday. Treasury estimates Victoria’s seven-day lockdown will punch a $700 million hole in the economy, but Pallas would not be drawn on possibly extending the …

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