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New payments up to $5,000 p/w for small businesses hit by Omicron

New payments for small businesses hit hard by Omicron: Payments will be up to $5,000 per week, plus rebates for RAT tests.

The NSW Government will cover up to 20 per cent of a small or medium business’s weekly payroll as part of a new package of measures to help those who have suffered a large cut to turnover during the Omicron wave.

The Small Business Support Program helps those businesses with annual turnover of between $75,000 and $50 million with a decline in turnover of at least 40 per cent.

The minimum payment will be $500 per week and the maximum $5,000 per week.

In addition, the existing Small Business Fees, Charges Rebate will be increased by 50% from the current $2,000 limit to $3,000 and employing businesses will be able to use the rebate to obtain Rapid Antigen Tests (RATs).

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This measure is designed to support worker availability by helping reduce costs to small businesses and enabling healthy staff who have been exposed to COVID-19, but test negative, to return to work.

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