Federal government support for COVID-stricken businesses in the ACT, NSW and Victoria will follow the same path as income support for stood-down workers and be abolished when each jurisdiction reaches an 80 per cent vaccination rate of those aged 16 and over.
Because the business packages, which are funded 50/50 by the Commonwealth and each state government, vary from jurisdiction to jurisdiction, the details of how each will be wound up will also vary – but the end points are the same.
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Phillip Coorey is the political editor based in Canberra. He is a two-time winner of the Paul Lyneham award for press gallery excellence. Connect with Phillip on Facebook and Twitter. Email Phillip at pcoorey@afr.com
Tom McIlroy is the Financial Review’s Canberra bureau chief based in the press gallery at Parliament House. He was previously the AFR’s political correspondent. Connect with Tom on Twitter. Email Tom at thomas.mcilroy@afr.com
