Sign In

* You are about to leave the Modoras website and be directed to Sage Handisoft - our cloud accounting software partners.

Insights

JobSaver payments expanded as Greater Sydney lockdown extended

davidarmstrong_img1
Published by:
David Armstrong
Published on:
July 28, 2021
Modoras Accounting (SYD) Pty Ltd ABN 18 622 475 521
JobSaver payments expanded as Greater Sydney lockdown extended

After news the Greater Sydney pandemic lockdown would be extended by at least another four weeks, until August 28, the NSW Government has announced an expansion of the JobSaver scheme.

The scheme, a joint NSW–federal government initiative that got underway on July 18, provides payments to eligible NSW businesses to support their cash flow.

In return, these businesses are required to maintain their staffing levels.

Following the extension of the lockdown, the state government announced increases to JobSaver’s:

  • turnover eligibility ceiling — from $50 million to $250 million
  • maximum payments — from $10,000 to $100,000 per week.

(JobSaver is separate from the 2021 COVID-19 Business Grant, which covered the first three weeks of the lockdown until July 17.)

Also, increased financial support for hundreds of thousands of workers in NSW will be available from next week as part of the federal government’s expanded national COVID-19 Disaster Payment.

Who can apply?

JobSaver is available to businesses that meet the following criteria and conditions:

  • non-employing and employing entities in NSW with an annual turnover of between $75,000 and $250 million
  • compared to the same period in 2019, turnover declined at least 30% for at least two weeks between 26 June 2021 and 30 July 2021
  • must maintain the employee headcount they had on 13 July 2021 for as long as they receive the JobSaver payments.

(Micro-businesses earning more than $30,000 but less than $75,000 may be eligible for a backdated $1,500 per fortnight payment from week one of the lockdown if their turnover has declined 30% or more.)

How much is available?

Eligible businesses can apply for $1,500 to $100,000 per week — up to a maximum of 40% of the business’s weekly payroll for work performed in NSW.

Payments will be made fortnightly in arrears, with the first payment backdated to 18 July 2021 onwards.

Businesses and not-for-profit organisations with no employees will receive  $1,000 per week  — as long as the individuals deriving an income from the business have not received a Commonwealth COVID-19 Disaster Payment since 18 July 2021.

How can the payments be used?

Eligible businesses can use the JobSaver payments to cover business costs incurred from 18 July 2021, including:

  • salaries and wages
  • utilities and rent
  • financial, legal or other advice
  • marketing and communications
  • perishable goods
  • other business costs.

When do applications open?

Applications opened on 26 July 2021 and close at 11.59pm on 18 October 2021.

How do I apply?

You can apply for JobSaver via the Service NSW website or by reaching out to us. We can assist with your application or even apply for the grant on your behalf.

Businesses that have applied and are eligible for the 2021 COVID-19 Business Grant will generally be automatically eligible for JobSaver (but must provide more information on employee headcount and payroll).

More information

For more information, read the JobSaver payment guidelines.

COVID Disaster Payment

The federal government has announced increases to the national COVID Disaster Payment, as follows:

Work lost per weekNew Weekly PaymentOld Weekly Payment
20 hours or more$750$600
8 to less than 20 hours, or a full day$450$375

The payment is intended to support workers in every state and territory who lose hours due to a state government lockdown or public health order.

The federal government will provide financial support to those in a declared Commonwealth Hotspot. The provision of financial support outside of these areas will be provided where requested at the cost of state or territory governments.

For more information, read the government’s statement on the boosted payment.

Need help?

Applying for government support can be daunting. We’ve helped many clients save time and reduce stress by completing their funding applications for them quickly and faultlessly.

If you’d like to let us do the paperwork so you can focus on other business concerns, call us on (02) 9923 2499. We’ll take care of you.

IMPORTANT INFORMATION: This blog has been prepared by Modoras Accounting (SYD) Pty Ltd ABN 18 622 475 521. The information and opinions contained in this blog is general information only and is not intended to represent specific personal advice (Accounting, taxation, financial, insurance or credit). No individuals’ personal circumstances have been taken into consideration for the preparation of this material. The information and opinions herein do not constitute any recommendation to purchase, sell or hold any particular financial product. Modoras Accounting (SYD) Pty. Ltd. recommends that no financial product or financial service be acquired or disposed of or financial strategy adopted without you first obtaining professional personal financial advice suitable and appropriate to your own personal needs, objectives, goals and circumstances. Information, forecasts and opinions contained in this blog can change without notice. Modoras Accounting (SYD) Pty. Ltd. does not guarantee the accuracy of the information at any particular time. Although care has been exercised in compiling the information contained within, Modoras Accounting (SYD) Pty. Ltd. does not warrant that the articles within are free from errors, inaccuracies or omissions. To the extent permissible by law, neither Modoras Accounting (SYD) Pty. Ltd. nor its employees, representatives or agents (including associated and affiliated companies) accept liability for loss or damages incurred as a result of a person acting in reliance of this publication. Liability limited by a scheme approved under Professional Standards Legislation.

Latest Insights