New South Wales JobSaver Payment – 1 October 2021 has been saved
New South Wales JobSaver Payment – 1 October 2021
On 13 and 28 July 2021, the Federal and New South Wales (NSW) governments announced joint support measures for businesses and employees impacted by the COVID-19 lockdown imposed in Greater Sydney.
The key support measures broadly comprises:
- Income support for individuals in certain geographical areas via the existing Commonwealth COVID-19 Disaster Payment of $375 for employees who have lost between 8 and 20 hours of work per week, or $600 for the loss of 20 hours or more per week. Increased payments of $450 and $750 respectively apply from the week 2 August 2021 onwards.
- An expanded JobSaver payment for small and medium businesses in NSW with an annual turnover of between $75,000 and $250 million which can demonstrate a 30% reduction in turnover as compared to a comparable period. Eligible entities will receive a fortnightly payment of 40% of their NSW weekly payroll payments, at a minimum of $1,500 and a maximum of $100,000 per week, provided staffing levels are maintained.
This Tax Insights covers the NSW JobSaver scheme only.