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JobSaver, Micro-Business Grant & Disaster Payments Phase Out Details

Written by Sarah Pogson . October 08, 2021
4 min read

As vaccination rates in NSW increase the Federal and NSW Government have announced phasing out business recovery support payments when vaccination targets of 70% and 80% are reached. We highlight the details below.

Contents

Here are the changes as vaccination rates are reached.

JobSaver Program

70% Double Vaccination Rate (16+ years)

  • This starts on 10 October 2021
  • Payments will reduce from 40% to 30% of weekly payroll
  • Minimum weekly payment will reduce from $1,500 to $1,125
  • Maximum weekly payment will reduce from $100,000 to $75,000
  • Weekly payment amount to non-employing business will reduce from $1000 to $750

80% Double Vaccination Rate (16+ years)

The joint Federal & NSW Government JobSaver payments will end, however the NSW Government will continue to fund it's 50% contribution to the JobSaver payments.

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

The JobSaver Program will finish on Tuesday, 30 November 2021.

Micro-Business Grant

There will be no changes to the Micro-Business Grant when double vaccinations (16+ years) reach 70%.

80% Double Vaccination Rate (16+ years)

  • Fortnightly amount will half to $750

Micro-Business Grants will finish on Tuesday, 30 November 2021.

JobSaver & Micro-Business Grant Additional Information

You need to continue to reconfirm your eligibility (including a 30% decline in turnover) until the end of the programs on 30 November 2021. These payments will continue to be paid fortnightly until then.

COVID-19 Disaster Payment

70% Double Vaccination Rate (16+ years)

  • The payment will not automatically renew. Individuals need to reapply each week to confirm their eligibility
  • The payment amounts remain the same

80% Double Vaccination Rate (16+ years)

  • The payment will reduce across two weeks from the first week after the target is reached.
  • Individuals need to reapply each week to confirm their eligibility

Week 1

    • Flat payment of $450 for those who have lost more than 8 hours of work
    • Income support decreases from $200 to $100 for those who have lost more than 8 hours of work and on Centrelink or Department of Veterans' Affairs (DVA) payments

Week 2

    • Flat payment of $320 for those who have lost more than 8 hours of work
    • Income support is removed for those on Centrelink or DVA payments

After this period the COVID-19 Disaster Payment won't be available.

The Pandemic Leave Disaster Payment will remain in place until 30 June 2022. This payment provides support for individuals if they can't earn an income because they must self-isolate, quarantine, or are caring for someone with COVID-19. 

These changes are regardless of whether a state remains in lockdown or still has significant restrictions in place.

If you require assistance in determining your eligibility, assistance with the application process or an Accountant’s Letter, our team at BLG Business Advisers is here to help so please don’t hesitate to reach out to us.

We wish you and your business every success!

*This information is relevant at the time of publishing and is subject to change*
Written by Sarah Pogson . October 08, 2021
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