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Business support payments to be wound up at 80pc vaccination rate

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 was the Financial Review’s Canberra bureau chief.

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    Original URL: https://www.afr.com/politics/federal/business-support-payments-to-be-wound-up-at-80pc-vaccination-rate-20210929-p58vmb