Larger businesses will now be eligible and the maximum payment will be increased. The joint NSW Government and Commonwealth JobSaver program will be significantly boosted to give greater support to businesses and individuals impacted by the extended COVID-19 lockdown.
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.
The NSW Government says payments are expected to start hitting bank accounts from 31 July and businesses could expect to receive funds in their accounts within five to ten business days from their approval date. The arrangements announced today will be backdated, so businesses that have already received a first payment on previous settings will be topped up when their next payment is made.
Non-employing business remain eligible for a maximum of $1,000 per week under JobSaver.
