Applications have just opened offering businesses the ability to claim a $1,200 rebate from the Victorian State Government after purchasing an eligible digital product. An eligible business is any micro business, sole trader or small business operating in Victoria, which holds an ABN on 13 September 2019 and is registered for GST on 13 September 2020.
The program has been developed to encourage these businesses to develop their digital presence and assist with their financial performance. The rebate is payable after a purchase is made using a list of preferred digital suppliers and the purchase must be to:
- Buy a new digital product; or
- Upgrade an existing digital product; or
- Resume using a digital product that has not been used for over 12 months.
The rebate is not intended to be used to renew software or make minor upgrades to an existing system. Instead it is meant to be used to implement a new point of sales software or add a new e-commerce platform to an existing website.
Businesses must initially register for the program online (https://www.business.vic.gov.au/support-for-your-business/grants-and-assistance/business-resilience-package/Small-Business-Digital-Adaptation-Program#Registration-form). Upon acceptance they will be eligible to attend free workshops and sign up for free trials with a preferred supplier. Once the purchase is made the rebate can be applied for which is meant to cover 12 months usage of the product. Any costs above $1,200 incurred and/or costs incurred after 12 months need to be paid for by the business.
If you would like to know more, please do not hesitate to contact us.