NSW and Federal Government Combined COVID-19 Support Package
This week the NSW state and Australian Federal Governments announced a combined support package to help households and businesses during the ongoing COVID-19 lockdown.
The COVID-19 Disaster Payment will be expanded and increased under this agreement. The payment will increase to $600 if a person has lost 20 or more hours of work a week or $375 if a person has lost between 8 and less than 20 hours of work a week.
From 18 July 2021, the Disaster Payment will be available to those outside the Commonwealth declared hotspots in NSW that meet the criteria for the payment. It will be offered to any other state or territory that experiences an extended lockdown.
Also, a new business support payment will be available for those with an annual turnover between $75,000 and $50 million who can demonstrate a 30% decline in turnover. Eligible entities, including not-for-profits, will receive $1,500 to $10,000 per week based on the level of their payroll. For sole traders, payment will be set at $1,000 per week.
More information will be on the Service NSW website and we will keep you updated.
To help avoid delays in completing your application:
ensure your business and contact details are up-to-date with the Australian Business Register
ensure your personal, contact and business details are up-to-date in your MyServiceNSW Account and your business profile
if you don’t have one, create a MyServiceNSW Account and business profile.
Please contact us if you have any questions about your business. We are here to help.