S&P Global Ratings has today announced the reduction of Victoria’s credit rating level from AAA to AA.

Victorian businesses have been dealt another harsh blow today with the announcement that the State will be plunged into its fifth lockdown due to the escalating NSW COVID-19 outbreak spreading into Victoria.

Today’s announcement of immediate support is crucial to the many businesses and workers who were only just recovering from Lockdown Four.

The State Government today announced a further $282.5 million in financial support for Victorian businesses following strong advocacy from the Victorian Chamber.

The Victorian Chamber welcomes today’s news that most Victorian businesses will be able to reopen from tomorrow, 28 July, but will continue to advocate for a shift back to pre-lockdown restrictions.

The State and Federal Governments have today announced a joint financial assistance package for Victorian business which will give them the support and confidence they need to rebound from Lockdowns Four and Five.

Just as Victorians were beginning to enjoy the freedoms we have missed, the State has been plunged into its sixth COVID-19 related lockdown.

The Victorian Chamber welcomes today’s prompt announcement of a new $400 million State and Federal Government support package, which will give businesses the confidence they need to get through Lockdown Six and continue the recovery from Lockdowns Four and Five.

The Victorian Chamber is pleased by today’s announcement of a further $367 million in business support as a result of another joint effort by the State and Federal Governments to help businesses stay afloat during the extended Lockdown Six period.

With so much recent discussion and debate centred around enforcing mandatory vaccinations in workplaces and the allowance of greater freedoms for those fully vaccinated, the Victorian Chamber surveyed its members on the potential introduction of greater freedoms for vaccinated Australians. 

The Victorian Chamber is pleased that the State and Federal Governments have again come together to announce a further $807 million in support for Victorian businesses to get through the second extension of Lockdown Six.

Victorian businesses are devastated by the news that Metropolitan Victoria’s lockdown will be extended indefinitely.

The Victorian Chamber welcomes the further $2.34 billion in joint State and Federal Government support announced today for Victorian businesses and workers to get through the continued extension of Lockdown Six.

Today’s announcement that lockdown restrictions will be lifted across Regional Victoria (apart from Greater Shepparton) from midnight tomorrow night will provide some welcome relief.

Victorian business needs certainty and clarity about when they can plan to welcome back customers and staff as we progress towards hitting the National Cabinet’s COVID-19 vaccination targets of 70 and 80 per cent.

The Victorian Chamber welcomes the compliance blitz that will take place in Victoria’s construction industry from today to improve COVIDSafe compliance. We also welcome the push to drive-up vaccination rates across that workforce.