The NSW Government has announced further details of the fortnightly JobSaver payment to help businesses, sole traders or not-for-profit organisations impacted by the current Greater Sydney COVID-19 restrictions.
STOP PRESS: Below are the rules per Revenue NSW guidelines at midday 28 July 2021. The NSW Treasurer announced that 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.
The maximum weekly payment has also been substantially increased, with employing businesses that maintain their employee headcount now able receive between $1,500 and $100,000 per week, up from $10,000, with payments based on 40 per cent of their weekly NSW payroll.
Take note if you were not previously eligible and now eligible due to the Treasurer’s announcement, you should apply.
We will keep you up to date if the rules for eligibility changes substantially.
For further eligibility and criteria read our Client Alert here.