The prime minister was just live speaking with NSW premier Gladys Berejiklian on the current cases in NSW and they have also just announced help for businesses struggling in NSW this afternoon after a rise in cases overnight.
Small companies struggling to survive Sydney’s lockdown will be given cash subsidies under a new federal government scheme created after NSW completed a now-cancelled $4 billion package to provide its own version of JobKeeper.
” It will be similar to the federal government payments ranging from $20,000 to $100,000 offered to small and medium businesses in March last year as a “cash flow boost” so employers could pay staff and bills”.
The disaster payment gives people who would have worked more than 20 hours in the week of a lockdown $500, and those who would have worked fewer than 20 hours $325. They no longer need to have less than $10,000 in the bank or shares, after the federal government last week axed the liquid asset test.
Applications for NSW’s first round of business grants of between $5000 and $10,000 will open on July 19.
The package includes:
- From week four of a lockdown because of a Commonwealth Government declared hotspot, the COVID-19 Disaster Payment to individuals will increase to $600 if a person has lost 20 or more hours of work a week or $375 if a person has lost between 8 and less than 20 hours of work a week.
- A new business support payment will also be available to entities with an annual turnover between $75,000 and $50 million who can demonstrate a 30 per cent decline in turnover. To receive the payment, eligible entities will be required to maintain their full time, part time and long term casual staffing level as of 13 July 2021. Eligible entities, which includes not-for-profits, will receive payments of between $1,500 and $10,000 per week based on the level of their payroll.
- For non-employing businesses, such as sole traders, the payment will be set at $1,000 per week.
Please check https://www.service.nsw.gov.au/campaign/covid-19-help-small-businesses/grants-loans-and-financial-assistance for more updates