Winding back COVID-19 support measures
- Peer Wealth
- Oct 1, 2021
- 1 min read
COVID-19 support payments to businesses and individuals will be progressively phased-out as vaccination targets are met.
For COVID-19 disaster payments:
70% vaccination - Once a state or territory reaches 70% full vaccination, automatic renewal will end and individuals will have to reapply each week that a Commonwealth Hotspot remains in place to confirm their eligibility.
80% vaccination – payment will phase out over two weeks:
Week 1 – flat payment of $450 per week for those who have lost 8 hours or more of work, and $100 for those on income support.
Week 2 – Payment brought into line with JobSeeker at $320 pe week for those who have lost 8 hours or more of work
The Pandemic Leave Disaster Payment will remain in place until 30 June 2022.
In New South Wales, JobSaver will phase out once vaccination targets are met:
70% vaccination – Payment rate reduced from 40% of payroll to 30% wiith maximum weekly payments reduced by 25% to $1,125 and $75,000, and $750 for sole traders.
80% vaccination – Commonwealth contribution to JobSaver will end. This is anticipated to occur by 31 October.
The NSW Government has announced that they will continue funding JobSaver at 15% of payroll until 30 November 2021.
As always, we’re here if you there are any questions you have.
Here’s how you can contact us:
(02) 8014 7608
Disclaimer: The material and contents provided in this publication are informative in nature only. It is not intended to be advice and you should not act specifically on the basis of this information alone. If expert assistance is required, professional advice should be obtained.
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