The news that residents across the South West have been waiting for has been announced, with confirmation there will be no extension to Victoria's snap 5 day lockdown.

Almost all restrictions will be lifted from 11:59pm Thursday night, including the four reasons to leave your home and the 5km radius, though only 5 visitors will be allowed in the home, and 20 at a public gathering.

Schools will re-open, as will businesses effected by the lockdown, while sport and recreation can resume.

For masks, they will be required at all times inside (other than at home), and outdoors whenever a safe distance cannot be kept.

From The Premier's Statement

From 11:59pm tonight, we will largely return to the previous rules – while keeping a watchful eye on some of the riskier settings.

There’ll no longer be four reasons to leave home. The five-kilometre restriction will no longer apply.

Restaurants and retail can reopen. Same too with community facilities, entertainment venues and all other public places, although some additional limits on crowd sizes will be in place.

Students will be able to head back to school. Workers will be able to get back to work.

For offices – both public and private – that means a return to 50 per cent on site.

For now, it’s important we reduce the risk in some of our most vulnerable settings. That means having no more than five visitors to your home per day. And limiting public gatherings with friends and family to 20.

We can’t fully relax the rules in our hospitals and aged care homes yet either – instead, we’ll limit visits limit to one household per day and some specific exceptions.

Masks will continue to be a big part of our defence and will be required everywhere indoors except at home – at the supermarket, at the office, at the pub when you’re getting up to pay.