Jobsaver, Disaster Payments & Micro-business Grant to be phased out

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Jobsaver, Disaster Payments & Micro-Business Grant to be phased out

As vaccination targets are being met across NSW, the Government has announced the procedure for phasing out the stimulus currently in place, as follows:

JobSaver and Micro-business grant

At 70% Double Vaccination Rate (16 years and older)

 JobSaver:

  • Payments will reduce from 40% to 30% of weekly payroll
  • Minimum weekly payment will be $1,125
  • Maximum weekly payment will be $75,000, and
  • Weekly non-employing business payment amount will reduce to $750

The Micro-Business Grant will not change

At 80% Double Vaccination Rate (16 years and older)

JobSaver

  • Payments will reduce from 30% to 15% of weekly payroll
  • Minimum weekly payment will be $562.50
  • Maximum weekly payment will be $37,500, and
  • Weekly non-employing business payment amount will reduce to $375.

Micro-business Grant

  • Fortnightly amount will half to $750

There are also changes to the Covid-19 disaster payment and weekly eligibility is required.  Payments will also be reduced from the 70% vaccination milestone.

On 30 November 2021 the JobSaver and the Micro-business grant programs end.

If you have any questions in relation to this please contact your client manager on (02) 8543 6800 or email them directly.