Business support of up to $10,000 to keep workers in jobs
Key Points
- NSW has recorded one death and 89 new local cases including 21 cases infectious in the community.
- Income support rises to between $375 to $600 for lost hours; business with $75,000 and $50m turnover, which have lost 30pc in revenue, can receive payments of up to $10,000, if they maintain staffing levels.
- Victoria has issued alerts for 10 sites after a visit from two Sydney removalists who had the virus.
- Qld has no new local cases; Victoria has three local cases linked to the Sydney outbreak.
Summary of the business support announced by the Prime Minister and NSW Premier
Here is a summary of the announcements made by Prime Minister Scott Morrison and NSW Premier Gladys Berejiklian at their afternoon news conference, announcing a major new national business support program for Sydney and future extended lockdowns.
Prime Minister Scott Morrison, flanked by NSW Treasurer Dominic Perrottet and Premier Gladys Berejiklian. Wolter Peeters
- Berejiklian says package gives Sydney breathing room, strongly suggesting she will announce the continuation of the Sydney lockdown.
- $500 million a week cash flow support for business and non-profits with a turnover of between $75,000 and $50 million that have suffered a turnover 30 per cent lower than the equivalent two-week period in 2019.
- From week four of the lockdown, the Commonwealth will fund 50 per cent of the cost of the business support payment to be implemented and administered by Service NSW.
- Eligible entities will receive 40 per cent of their NSW payroll payments, at a minimum of $1500 and a maximum of $10,000 per week.
- Entities must maintain their full-time, part-time and long-term casual staffing level as of today.
- From week four of a lockdown the COVID-19 Disaster Payment will increase from $500 to $600 each week if a person has lost 20 hours or more of work a week, or $325 to $375 each week if a person has lost between eight and 20 hours of work.
- The disaster payment will be a recurring payment for approved recipients while hotspots and lockdown restrictions remain in place.
- This removes the need for recipients to re-claim for each seven-day period of a lockdown.
- The Prime Minister also announced a $17 million mental health support package.
- Landlords will not be able to evict workers who have lost more than 25 per cent of their revenue because of the lockdown.
NSW businesses with turnover between $30,000 and $75,000 per year can access small business grants, based off a loss in turnover.
Payroll taxes will also be deferred for two months for businesses who pay less than $10 million a year in payroll taxes.
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