The Victorian Government’s COVID-19 business grant program payments have been declared non-assessable, non-exempt (NANE) income, and therefore are tax-free.
Those who haven’t yet filed their tax returns for the 2021–22 financial year can rest assured that payments they received from the Victorian Government COVID19 grant programs are not taxable.
The Australian Government has updated legislation to include several automatic payments under Victorian COVID19 support programs made during the lockdown period in 2021.
Businesses do not have to pay tax on payments or income defined as NANE, and they do not have to report it on their tax returns.
Payments categorised as NANE
The complete list of payments categorised as NANE is below. You can find the legislation on the Federal Register of Legislation.
- Alpine Business Fund
- Alpine Resorts Support Program (Streams 1, 2 and 3)
- Business Continuity Fund
- Business Costs Assistance Program Round Two
- Business Costs Assistance Program Round Two – July Extension
- Business Costs Assistance Program – Top Up
- Business Costs Assistance Program Round Three
- Business Costs Assistance Program Round Four
- Business Costs Assistance Program Round Five
- Business Support Fund 3
- Commercial Landlord Hardship Fund 3
- Impacted Public Events Support Program
- Impacted Public Events Support Program Round Two
- Independent Cinema Support Program
- Licensed Hospitality Venue Fund
- Licensed Hospitality Venue Fund 2021
- Licensed Hospitality Venue Fund 2021 – July Extension
- Licensed Hospitality Venue Fund 2021 – Top Up Payments
- Live Performance Support Program
- Live Performance Support Program Round 2 (both Presenters and Suppliers streams)
- Melbourne City Recovery Fund – Small business reactivation grants
- Outdoor Eating and Entertainment Package
- Small Business COVID Hardship Fund
- Sole Trader Support Fund
- Sustainable Event Business Program
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