NSW business support payments…

Yesterday, the Morrison and Berejiklian Governments announced a support package to support households & businesses in NSW.

 From week four of a lockdown because of a Commonwealth Government declared hotspot, the COVID-19 Disaster 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.

The Commonwealth and NSW have also agreed that from 18 July 2021 the COVID-19 Commonwealth Disaster Payment will be available to those outside Commonwealth declared hotspots in NSW that meet the criteria for the payment.

 A new business support payment will also be available to entities with an annual turnover between $75,000 and $50 million who can demonstrate a 30 per cent decline in turnover.

 To receive the payment, eligible entities will be required to maintain their full time, part time and long term casual staffing level as of 13 July 2021.

Eligible entities, which includes not-for-profits, will receive payments of between $1500 and $10,000 per week based on the level of their payroll.

 For non-employing businesses, such as sole traders, the payment will be set at $1000 per week.

 https://www.nsw.gov.au/media-releases/nsw-covid-19-support-package-announced