I was in VCE over the summer and if memory serves, there is no arrivals lounge at all. Granted, I did not go looking for one as I had a bus to catch, but it seems unlikely too me that there is one. VCE is a rather small airport in all actuality and after you go through customs and immigration and claim your baggage, you are deposited into an arrivals hall which consists of a couple windows to buy tickets for busses, boats, et cetera, a coffee shop, and I believe the easyjet check in desks. There really isn't a whole lot of space down there so I wouldn't expect there to be an arrivals lounge. I'd be happy to be proven wrong though.