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Sydney businesses and workers thrown $5b virus lifeline

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Small and medium businesses in NSW will be eligible for weekly cash payments of up to $10,000, and adversely affected workers will receive between $375 and $600 a week, in an escalation of support measures the federal government says will be the new national template for lockdowns.

The measures, which will cost the NSW and federal governments an estimated $5 billion between them, were unveiled on Tuesday, ahead of an announcement by NSW Premier Gladys Berejiklian that the lockdown of Greater Sydney will not be lifted on Friday but will enter a fourth week, and most likely longer.

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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
Finbar O'Mallon is a reporter for The Australian Financial Review. Connect with Finbar on Twitter. Email Finbar at f.omallon@afr.com.au

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    Original URL: https://www.afr.com/politics/federal/business-worker-supports-boosted-as-lockdown-extension-looms-20210713-p5894u