Victoria State Gov Backs Virus-Hit Businesses With $534M

Head chef Geraud Fabre (L) of French restaurant France-Soir waits for take-away orders in Melbourne, Australia on May 8, 2020 WILLIAM WEST/ Getty Images

The Victorian economy could take up to three years to recover from the COVID-19 pandemic and the lockdowns, the state’s treasurer has warned.

Treasurer Tim Pallas unveiled a $534 million support package on July 10, including $5000 cash grants for businesses affected by the six-week lockdown of metropolitan Melbourne and the Mitchell Shire.