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NANE tax status confirmed for COVID-19 grant payments

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Payments from the Victorian Government’s COVID-19 Business Grant Scheme have been declared non-taxable, non-exempt (NANE) income and therefore exempt from tax.

Business owners who have delayed filing their tax returns for the 2021-2022 financial year can rest assured that the payments they have received from the Government of Victoria’s COVID-19 grant programs do not need to be be declared as income.

Australian Government legislation has been updated to include several automatic payments under Victoria’s COVID-19 support packages paid during the lockdown period in the second half of 2021.

Payments or income defined as NANE means that a company is not required to pay tax on the funds and does not need to report it on its tax return.

The full list of payments classified as NANE is below. You can find the legislation on the Federal Register of Legislation.

  • Alpine business funds
  • Support program for alpine resorts (parts 1, 2 and 3)
  • Business Continuity Fund
  • Second Round of Business Cost Assistance Program
  • Second Round of Business Cost Assistance Program – July Extension
  • Business Expense Assistance Program – Supplement1new (added August 22, 2022)
  • Third Round of Business Cost Assistance Program – new (added August 22, 2022)
  • Fourth Round Business Cost Assistance Program – new (added August 22, 2022)
  • Fifth Cycle of Business Cost Assistance Program – new (added August 22, 2022)
  • Business Support Fund 3
  • Commercial Owners Hardship Fund 3
  • Support program for affected public events
  • Second round of support program for affected public events – new (added August 22, 2022)
  • Independent film support program
  • Funds for approved reception places
  • 2021 Approved Hospitality Facility Fund
  • 2021 Licensed Hospitality Venue Fund – July Extension
  • 2021 Licensed Hospitality Venue Fund – Complementary Payments2new (added August 22, 2022)
  • Live Performance Support Program
  • Live Performance Support Program, 2nd Round (Broadcasters and Suppliers streams) – new (added August 22, 2022)
  • City of Melbourne Recovery Fund – Small Business Reactivation Grants
  • Outdoor dining and entertainment package
  • Small Business COVID Relief Fund
  • Support fund for individual entrepreneurs
  • Sustainable Event Business Program

1 Referring to the additional payments of July 16 and July 21, 2021.
2 Referring to all top-up payments under the Licensed Hospitality Venue Fund 2021 and July extension.

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