Federal and State support measures in response to COVID-19 lockdowns has been saved
Federal and State support measures in response to COVID-19 lockdowns
From 13 July 2021, the Federal and certain State governments began to announce joint support measures for businesses and employees impacted by COVID-19 lockdowns imposed across the country.
The Federal support arrangement comprises income support for individuals in certain geographical areas via the existing Commonwealth COVID-19 Disaster Payment. In addition, various State support measures for businesses have been introduced, including the JobSaver Payment in New South Wales and business grants in other states.
This Tax Insights covers the Federal Government’s support for individuals and businesses affected by lockdowns and various state relief. Please see our Tax Insights 15/2021 for the JobSaver Payment scheme for businesses in New South Wales.