The Morrison Government is working closely together with the State Governments of Victoria and New South Wales to support households and businesses in these states affected during the current COVID-19 lockdowns.
In both states, under new combined support packages, the COVID-19 Disaster Payment will be further expanded and increased. For those living or working in an area locked down as a Commonwealth Government declared hotspot, the COVID-19 Disaster Payment 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, funded by the Morrison Government.
The Commonwealth and NSW have also agreed that from 18 July 2021 the COVID-19 Commonwealth Disaster Payment will be available to those outside Commonwealth declared hotspots in NSW that meet the criteria for the payment, paid for by the NSW Government.
The Commonwealth and NSW will also enter into a new 50/50 cost sharing arrangement for a new business support payment to be implemented and administered by NSW. A new business support payment will be available to entities with an annual turnover between $75,000 and $50 million who can demonstrate a 30 per cent decline in turnover. 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.
The Victorian Government has agreed to provide a significant additional economic support package to businesses as part of sharing the costs of lock down with the Commonwealth.
These payments are in addition to the more than $95 billion in Commonwealth economic support provided to Victoria and NSW during the pandemic to date. |
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