Many of you may be confused about the current Covid Financial Assistance that is available as lockdown dates and eligibility rules change. To assist you we have compiled a basic summary of the main assistance measures currently available. Please note that this is a general outline only, and there may be other eligibility criteria that apply for each assistance package.
COVID 19 DISASTER PAYMENT-assistance for individuals particularly employees
This is a support payment for workers adversely affected by a state public health order. Employees that have reduced work hours or lost work due to the NSW Covid 19 public health order may be eligible.
Please note that eligibility for your staff members is not affected by any assistance that you as an employer may have applied for or be eligible or ineligible for.
You may wish to direct staff to the following link to determine if they are eligible for assistance;
This assistance may also be available for sole traders, however if you are in this category you should check if you are eligible for a NSW Business Support payment first (see below).
JOBSAVER FORTNIGHTLY PAYMENTS-designed to help businesses with cashflow and to maintain staff numbers
Basic Eligibility Criteria;
– A revenue decline of 30% or more over a minimum 2 week period since 26 June 2021
– Turnover between $75,000 and $250 million
Payments are made for employing businesses at 40% of their weekly NSW payroll (minimum of $1,500 per week), with payments between $1,500 and $100,000 per week (paid fortnightly). Non-employing businesses may be eligible for a payment of $1,000 per week.
Whilst these payments are designed to assist you with maintaining your employee headcount, the payments can be used to cover any business costs. You do not need to pay the Jobsaver subsidy that you receive to employees. If you need to reduce employee hours , they may be able to apply for the Covid-19 Disaster payment.
COVID 19 BUSINESS GRANTS-one off grants of between $7,500 and $15,000
There are a number of eligibility requirements for this grant. The basic conditions being;
– A revenue decline of 30% or more over a minimum 2 week period from 26 June 2021 to 17 July 2021 due to the public health orders
– Turnover between $75,000 and $50 million
– Employing businesses must maintain your employee headcount from 13 July 2021
– Non-employing businesses must have your primary income source from this business
COVID-19 MICRO BUSINESS GRANT-Payments of up to $1,500 per fortnight for small businesses
Basic Eligibility Criteria;
– A revenue decline of 30% or more over a minimum 2 week period since 26 June 2021
– Turnover between $30,000 and $75,000
Not available if you have received the 2021 Covid-19 Business Grant or the Jobsaver payment.
Please don’t hesitate to contact our YBM office if you have any questions. You can call our Orange office on 02 6362 1533 or our Molong office: 02 6366 8049