Extension To NSW COVID-19 JobSaver & Micro-Business Grant

 

The NSW State Government on 30 September 2021 announced an extension to the NSW COVID-19 JobSaver Payment and Micro Business Grant for eligible recipients. Both programs will end on 30 November 2021.  

JobSaver Changes 

The NSW COVID-19 JobSaver Payment will change and gradually reduce after 10 October 2021 to the end date of 30 November 2021. This is to coincide with NSW reaching the 80% double vaccination target and the lifting of restrictions.   

The current JobSaver Payment is based on 40% of the weekly NSW payroll with a minimum of $1,500 per week to a maximum of $100,000 per week for employing eligible businesses.  

 Eligible non employing businesses (such as a sole trader) are entitled to $1,000 per week.  

The table below shows the new payment amounts under the extension:

JobSaver  Dates

Share of  weekly payroll

Weekly payment range

(paid fortnightly)

Weekly payments to non-employing

business (paid fortnightly)

 Current 40% $1,500 to $100,000 $1,000
 After 10 October 30% $1,125 to $75,000 $750
 At 80% double dose   15% $562.50 to $37,500 $375
 From 30 November 0% $0 $0

 

Eligible large tourism, hospitality and recreation businesses may be entitled to more than outlined above.  

Micro Business Grant Changes

 The current NSW COVID-19 Micro Business Grant amount is $1,500 per fortnight.  

The Micro Business Grant payment amounts will reduce after NSW reaches the 80% double dose vaccination target and will cease on 30 November 2021.  

The table below shows the new payment amounts under the extension:

JobSaver Dates Fortnightly Payment 
 Current  $1,500
 After 10 October $1,500
 At 80% double dose   $750
 From 30 November $0

 

The eligibility requirements will need to be satisfied by recipients of the NSW COVID-19 JobSaver Payment and NSW 2021 COVID-19 Micro-Business Grant throughout the duration of the programs.  

 

The team at EMspire Advisory are trusted, qualified Chartered Accountants, tax agents and small business accountants. We work closely with our clients to achieve the best possible outcomes.So to find out more, please contact us! 

Please note that this information is not specific and is general in nature and cannot be relied on as advice. Please contact us for advice specific to you and your circumstances. The legislation and eligibility criteria may change since the time of writing. Please refer to the Service NSW website for the most current information.