The Victorian Government, meanwhile, has announced compensation packages for affected Victorian small businesses. Tell us more about this. Is it big enough and what our business is saying?
There are 600,000 small businesses in the state of Victoria, and all of them were impacted by the Valentine’s Day lockdown which happened. Some had a positive impact, a few more things ordered online. But the overwhelming majority, a big negative impact on the revenue, many in particular sectors hospitality, florists, weddings, major events. You know they’d already paid money out in terms of fresh things like fresh produce and other supplies. In addition, you know, they’re having to pay wages, they’re still paying rent. So what the Victorian Government announced has come very late and at best, it will probably cover a maximum of 50,000 businesses, as opposed to a few 100,000. And it looks like it’ll be somewhere between $2,000 and $3,000 if you can actually get your hands on it. So I look, you know, every dollar counts. But there are many small businesses in those particular sectors that are 10s of 1000s of dollars out of pocket. And, you know, we had the Valentine’s Day lockdown came from nowhere, no sort of early warning signals. This, this feels to most small business owners, a bit like someone’s gone and bought a rose a week after Valentine’s Day. So it’s a bit style. You put it in the vase, and after sort of one day, it’s wilted. It’s too little, too late.