Further restrictions on business in Victoria announced

Waiter Cleaning

Scott Douglas

Following the announcement of Stage 4 restrictions applying from Sunday 2 August, the Premier of Victoria announced yesterday that there would be significant changes required to the business landscape here in Victoria, both in metropolitan Melbourne and regional Victoria.

What does this mean for your business?

Businesses in metropolitan Melbourne will be subject to Stage 4 restrictions to assist with combating the COVID-19 outbreak that has been experienced in the city. Broadly speaking, Stage 4 restrictions require business that are deemed “non-essential” to close their doors to the public with those that are able to remain open to do so at reduced capacity or with strict, and in some cases High Risk, COVID Safe Plans in place.

Essential Retail

Essential retail services such as supermarkets, pharmacies, restaurants/café’s/QSRs providing take-away services can remain open as they have during previous restriction levels provided, they have a COVID Safe Plan in place.

General Retail

Retailers not providing essential products or services must close to the general public however they can remain operating for click & collect and home delivery sales.

Construction

As announced by the Premier, the construction industry has been the life blood of the Victorian economy for many years and the entire industry has been put into a ‘pilot light phase’ rather than being completely closed. The effect of this is:

  • Building sites for projects larger than 3-storeys can maintain up to 25% of their usual operating staff on site to continue work and must have a High Risk COVID Safe Plan.
  • Building sites for projects smaller than 3-storeys can only maintain a maximum of 5 people on site to continue work.
  • No new projects can commence.
  • Essential projects such as the ongoing work to remove level crossings and other infrastructure projects will continue to be undertaken but with minimal staff on site

Manufacturing including food processing

The manufacturing industry has been subjected to a mixed set of restrictions with some being forced to close, others able to remain open as they have during the existing restrictions and others, particularly meatworks and food processing facilities being subject to 33% capacity and workforce reductions plus tailored High Risk COVID Safe Plans.

What support is available?

The Victorian Government have also announced extensions to existing grant programs they have in place with payments of $10,000 for business in metropolitan Melbourne and $5,000 for business in regional Victoria available. These payments are in addition to any JobKeeper payments the business might already be receiving.

For a detailed breakdown of the types of business required to close, please see the attached document that has been provided by the Victorian Government following the announcement.

If you are in any way unsure of how these announcements impact your business, we encourage you to reach out to the Victorian Government, or your Fordham Partner for a confidential discussion.

If you have any queries, or would like to discuss the above further, please contact your Fordham Partner.

This information has been prepared by Fordham Business Advisors Pty Ltd (Fordham) ABN 77 140 981 853 AFSL 488639 and Perpetual Trustee Company Limited (PTCo) ABN 42 000 001 007, AFSL 236643. Perpetual Private advice and services are provided by PTCo. To view the Perpetual Group's Financial Services Guide, please click here.  Fordham’s liability is limited by a scheme approved under Professional Standards Legislation.

This information, including any assumptions and conclusions, is not intended to be a comprehensive statement of relevant practise or law that is often complex and can change. It is general information only and is not intended to provide you with advice or take into account your objectives, financial situation or needs. You should consider, with a financial adviser, whether the information is suitable for your circumstances. To the extent permitted by law, no liability is accepted for any loss or damage as a result of any reliance on this information. This information is believed to be accurate at the time of compilation and is provided in good faith. Fordham is part of the Perpetual Limited group.