On 7 July 2020, the Victorian Government announced impacted employing businesses will be supported during the second lockdown period through access to a one-off, $5,000 grant under the Business Support Fund – Expansion.
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The Coronavirus Small and Medium Enterprises (SME) Guarantee Scheme is supporting up to $40 billion of lending to SMEs (including sole traders and not-for-profits).
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Federal government deficit hits record high of $86 billion and unemployment expected to reach 9.25%
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