NSW Treasurer Dominic Perrottet promises 99 percent of businesses struggling with Sydney’s extended lockdown could get up to $100,000 a week from the government.
State and federal governments expanded the JobSaver program on Wednesday after non-essential retailers, eateries, pubs and nightclubs were banned from trading until at least August 28.
This increased the maximum weekly payment from $10,000 to $100,000, with grants starting at $1,500 per week.
Companies can claim the payments, based on 40 percent of a seven-day payroll, provided staff is not cut back.
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NSW Treasurer Dominic Perrottet (pictured with Prime Minister Gladys Berejiklian) promises 99 percent of Sydney businesses struggling with the extended lockdown could get up to $100,000 from the government
To qualify, companies with revenues between $75,000 and $250 million must prove that they have experienced a revenue decline of 30 percent or more.
Mr Perrottet, the deputy leader of the state Liberal Party, said almost every business in New South Wales would be eligible for some help from the government.
“In New South Wales now every business – 99 per cent of businesses – has access to some form of payment,” he told 2GB channel Ben Fordham on Thursday.
“The substantial increase in that JobSaver program in partnership with the Commonwealth will bring companies up to $100,000 a week, which will obviously help them with their fixed costs, their total costs.”
Before Wednesday’s announcement, Mr Perrottet had unsuccessfully joined Labor and the unions in calling for a revival of JobKeeper’s wage subsidies.
“JobKeeper has proven to be successful in sustaining businesses and keeping employees connected to their jobs,” he said on Sunday.
Under the old JobKeeper plan that expired March 28, employees were paid $1,000 every two weeks through their bosses if they worked 20 hours or more per week and $650 every two weeks if they worked fewer hours.
The new NSW-Commonwealth JobSaver scheme will give workers affected by Sydney’s extended lockdowns more generous payments of $750 a week or $1500 every two weeks, like the original March 2020 JobKeeper schedule, if they work 20 hours a week. or lose more work per week.
State and federal governments expanded the JobSaver program on Wednesday after non-essential retailers, eateries, pubs and nightclubs were banned from trading until at least August 28. This increased the maximum weekly payment from $10,000 to $100,000, with grants starting at $1,500 per week (pictured is a pharmacy in Lakemba in Sydney’s southwest)
Those who lose eight to twenty hours of work per week are eligible for $450 per week.
Unlike JobKeeper, the JobSaver scheme does not require bosses to pass the payments on to employees.
Pilates-class business owner Anne-Maree Jones, whose sales have fallen 98 percent as a result of the lockdowns, said the old JobKeeper scheme was better because business owners were familiar with it.
‘It is not enough. The JobKeeper was working,” she told the ABC program 7:30 a.m.
Business owner Anne-Maree Jones (pictured), whose sales are down 98 percent due to the lockdowns, said the old JobKeeper scheme was better because business owners were familiar with it
Since Sydney’s lockdown to fight the more contagious Delta strain of Covid began on June 26, Ms Jones has dug her personal savings to pay her staff as Zoom classes failed to close the revenue gap.
‘Very stressed. I’m not sleeping. I’m very, very, very stressed,” she said.
“So I keep asking them the question – how can we pay our wages if we’ve had no income for five weeks, almost six weeks, but our overheads haven’t come down?”
JobSaver payments must arrive in corporate bank accounts through the federal government beginning August 2.
Police have new powers to close workplaces after NSW had a record 239 new daily locally acquired Covid cases.