{"id":12305,"date":"2021-07-28T09:04:26","date_gmt":"2021-07-28T09:04:26","guid":{"rendered":"http:\/\/www.16news.com.au\/?p=12305"},"modified":"2021-07-28T09:04:26","modified_gmt":"2021-07-28T09:04:26","slug":"nsw-business-support-package-expansion","status":"publish","type":"post","link":"http:\/\/www.16news.com.au\/index.php\/2021\/07\/28\/nsw-business-support-package-expansion\/","title":{"rendered":"NSW Business Support Package Expansion"},"content":{"rendered":"

The Morrison and Berejiklian Governments continue to work together to support businesses in New South Wales during the current COVID-19 lockdown.
\nWith Greater Sydney set to remain in lockdown until at least 28 August 2021, both governments have agreed to expand the COVID-19 Business Support Payment.
\nUnder the expanded payment, eligible entities, which includes not-for-profits, will now receive payments of between $1,500 and $100,000 per week based on the level of their payroll with the maximum turnover threshold increased from $50 million to $250 million.
\nThe payment will continue to be calculated based on 40 per cent of payroll for businesses that have suffered a 30 per cent or more decline in turnover.
\nFor non-employing businesses, such as sole traders, the payment will remain set at $1,000 per week.
\nThe expanded payment will now cover more than 400,000 businesses employing 3.3 million workers in NSW subject to eligibility.
\nThe payment will also provide more substantial support for businesses to cover unavoidable costs such as rent, insurance and maintenance as well as employee costs during an extended lockdown.
\nThe expanded support will continue to be conditional on businesses maintaining their employee headcount as at 13 July (covering permanent and long-term casual employees) by not taking active steps to terminate their employment.
\nThis will help maintain the connection between employers and employees and in doing so support the economic recovery once restrictions are eased.
\nThe expanded payment will take effect from 18 July 2021, the start of the program. Businesses that have already submitted an application will not need to do anything, their payment will be automatically adjusted consistent with the expanded program.
\nWorkers who have lost hours will continue to be supported by the COVID-19 disaster payment with more than 812,000 claims granted in NSW to date with more than $411 million in weekly payments.
\nThe Prime Minister Scott Morrison said as NSW\u2019s restrictions looked set to continue, his government had been developing options to supercharge the partnership with NSW to support businesses.
\n\u201cThese businesses are the ones we all need still standing to drive the recovery on the other side,\u201d the Prime Minister said.
\n\u201cOur support has never been set and forget and even before Service NSW had started to deliver the support on Monday that we announced earlier this month, my government had been looking at what else businesses would require to strongly emerge on the other side of this lockdown.
\n\u201cWhether you\u2019re a worker who has lost their income or a business that\u2019s suffering, even more help is on the way.\u201d
\nThe Treasurer Josh Frydenberg said as the virus and the situation in NSW continues to evolve so does the Morrison Government\u2019s response.
\n\u201cThe expansion of the NSW COVID-19 Business Payment remains consistent with the approach we have taken throughout the pandemic in delivering temporary, targeted and proportionate economic support,\u201d the Treasurer said.
\n\u201cUp to an additional 1,900 businesses employing around 300,000 people could benefit from the expanded eligibility while increasing the cap will also make the payment more generous for some businesses currently accessing support.\u201d
\nBusinesses should contact Services NSW or visit\u00a0https:\/\/www.service.nsw.gov.au\/<\/a>\u00a0for more information.<\/p>\n","protected":false},"excerpt":{"rendered":"

The Morrison and Berejiklian Governments continue to work together to support businesses in New South Wales during the current COVID-19 lockdown. With Greater Sydney set to remain in lockdown until at least 28 August 2021, both governments have agreed to expand the COVID-19 Business Support Payment. Under the expanded payment, eligible entities, which includes not-for-profits, … Continue reading “NSW Business Support Package Expansion”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-12305","post","type-post","status-publish","format-standard","hentry","category-aussie"],"_links":{"self":[{"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/posts\/12305","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/comments?post=12305"}],"version-history":[{"count":0,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/posts\/12305\/revisions"}],"wp:attachment":[{"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/media?parent=12305"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/categories?post=12305"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/tags?post=12305"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}