The joint NSW Government and Commonwealth JobSaver program will be significantly boosted to give greater support to businesses and individuals impacted by the extended lockdown.
JobSaver payments will now be available to businesses with an annual turnover of between $75,000 and $250 million, up from $50 million, which have experienced a revenue decline of 30 per cent or more.
The maximum weekly payment has also been substantially increased, with employing businesses that maintain their employee headcount able receive between $1,500 and $100,000 per week, up from $10,000, with payments based on 40 per cent of their weekly NSW payroll.
NSW Premier Gladys Berejiklian said the additional support would help deliver businesses and individuals the financial assistance needed during the necessary extension of the lockdown.
Applications for JobSaver opened last Monday with more than 14,000 applications received by the end of the week and almost $28 million approved for payment so far.
Payments are expected to be received promptly. Businesses can expect to receive funds within five to ten business days from their approval date, and the arrangements will be backdated, so businesses that have already received a first payment on previous settings will be topped up when their next payment is made.
JobSaver payments are available from week four of the lockdown. Non-employing business remain eligible for a maximum of $1,000 per week.
Businesses in lockdown areas have also received support from the 2021 COVID-19 Business Grant to cover the first three weeks of lockdown, with more than $118 million has been paid to businesses so far from more than 56,000 applications received.
For more information on COVID-19 support available, visit https://www.nsw.gov.au/covid-19/2021-covid-19-support-package.
Support for individuals impacted by the current COVID-19 restrictions and stay-at-home orders is also available through Services Australia. For more information visit www.servicesaustralia.gov.au/covid19.
