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Business Insights – 9th June 2021 – Vic restrictions ease

Good news for some Victorian Tenfold clients today with the announcement of restrictions easing for Greater Melbourne and further easing for regional Victoria, effective 11:59pm on Thursday 10 June.

Changes to restrictions for Greater Melbourne

There are no longer “authorised providers” or “authorised workers”, which means most of the clients our business coaches advise will be able to resume operating.

People are allowed to return to work, including travelling beyond the limit of 25km from place of primary residence. Importantly, you will be able to have your staff return to the office, with up to 10 people if your total workplace is 40 or less (or 25% capacity if you have a larger office workforce). As much as work from home has been a great flexible arrangement, we all now acknowledge the benefit of the incidental chats and non-verbal communication that happens in the office. If you’d like help to manage the process for having your staff return to work in the office, your business coach can give you useful advice.

While the easing of restrictions means that most Victorian businesses will be able to resume, unfortunately some businesses in specific sectors will frustratingly remain closed. These businesses will be able to access another round of financial support taking the total financial support for this lockdown to $7000. Little comfort for businesses that had just started to get back on track prior to this lockdown.

Business Costs Assistance for Victorian businesses

Businesses that are in those specific industries that were forced to close for part or all of the Victorian lockdown are able to apply for Business Costs Assistance Round 2. Check the list of eligible ANZSIC codes to see if your business might be eligible. You can click here to see the list of eligible ANZSIC classes.

We know from coaching businesses across a range of industries that some businesses have an ANZSIC code that is no longer relevant to the main industry or work type they currently operate in. Our coaches advise business owners that it’s worth checking your code to ensure that it is current.

Should you wish to confirm or update the ANZSIC code for your ABN, you can do so via the ABR website using your myGovID. Changes made to your ABN are updated immediately. If you require it, the ATO has a tool you can use to search for different industry codes: https://www.ato.gov.au/Calculators-and-tools/Business-industry-code-tool/AnzsicCoder.aspx

As always, our business coaches will advise you that it is good business practice to have a record of your decision and the factors that you took into consideration to reach that decision. The ABR website does state that there are penalties for providing false or misleading information.

Ash

Ashley Thomson B.Eng. (Hons), Grad. Dip. Mgmt, MEI
Managing Director
Tenfold Business Coaching

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