$250 Power Saving Bonus Program

You may be eligible for a one -off $250 payment if you are in a Victoria household. See link below

https://compare.energy.vic.gov.au/psb-faq

Applications are open between 1 July 2022 and 30 June 2023. The Bonus is available to all Victorians households who visit the Victorian Energy Compare website or engage with an energy affordability service through one of the participating community outreach partners. The $250 Bonus is limited to one payment per eligible household.

Business Victoria Grants

You can also monitor other grants and programs which you may be eligible for from Business Victoria.  Such grants include: –

  • Small Business Ventilation Program (closing 8/9/22)
  • Ready for Growth (closing 1/6/24)
  • Pandemic Lease Disaster Payment (ongoing)
  • Solar for Business Program (closing 1/6/24)

https://business.vic.gov.au/grants-and-programs?filter=%7B%22status%22%3A%5B%22opening+soon%22%2C%22open%22%2C%22ongoing%22%5D%7D&page=1

Pandemic Leave Disaster Payments – Important for Tax Returns

Please be aware that if you have received either the Pandemic Leave Disaster Payment or COVID-19 Disaster Payment during the 2021/22 financial year it will not be shown on your ATO prefill report or prefill into your Tax Return which may delay your assessment if the correct information is not reported.

Pandemic Leave Disaster Payment is a lump sum payment to help you during the time you can’t work and earn income because you have to:

  • self-isolate or quarantine due to COVID-19, as required by your state or territory government
  • you’re caring for someone who has to self-isolate or quarantine due to COVID-19, as required by their state or territory government.

This payment is taxable.

The COVID-19 Disaster Payment was for when you had to stay home due to lockdown. The rate of payment was based on the number of hours of work lost each week and whether or not you were receiving an income support payment. This payment is non-taxable.  The maximum amount payable was $750 a week for those who lost 20 hours or more as a result of the lockdown.

If you have received one or both of these payments, you will need to login to your myGov account and confirm the type of benefits paid for the period 1 July 2021 to 30 June 2022.  As both of these payments have different tax consequences it is important, we classify the payments correctly.

Alternatively, you should have received an electronic Centrelink letter with each payment which you could download and send to us.

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