JobSaver Program – Major Boost to COVID-19 Support
It has been announced that the joint NSW Government and Commonwealth JobSaver program will be significantly boosted to give greater support to businesses and individuals impacted by the extended lockdown.
The maximum weekly payment has been substantially increased, with employing businesses that maintain their employee headcount now able receive between $1500 and $100,000 per week, up from $10,000, with payments based on 40 per cent of their weekly NSW payroll.
JobSaver payments will now be available to businesses with an annual turnover of between $75,000 and $250 million, up from $50 million, which have experienced a revenue decline of 30 per cent or more.
Prime Minister Scott Morrison has also announced an increase to the weekly payments received under the Covid-19 Disaster Payment, with a maximum payment now $750 per week (increased from $600).
For further information, please click the links below:
https://www.service.nsw.gov.au/transaction/jobsaver-payment
Please don’t hesitate to contact HYD Advisory to discuss your eligibility or the process of the JobSaver on (02) 8543 6800 or email your client manager directly.
Our team are currently working remotely and are available to assist you with lockdown support for your business. We want to reassure clients that we’ll be on hand to talk with you about your business issues and give you the confidence you need to make good decisions to keep your business alive in these difficult times.
