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).
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 week||New Weekly Payment||Old 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.
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.
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