{"id":13187,"date":"2021-09-30T07:54:09","date_gmt":"2021-09-30T07:54:09","guid":{"rendered":"http:\/\/www.16news.com.au\/?p=13187"},"modified":"2021-09-30T07:54:09","modified_gmt":"2021-09-30T07:54:09","slug":"jobsaver-extension-to-boost-business-recovery","status":"publish","type":"post","link":"http:\/\/www.16news.com.au\/index.php\/2021\/09\/30\/jobsaver-extension-to-boost-business-recovery\/","title":{"rendered":"Jobsaver extension to boost business recovery"},"content":{"rendered":"

The NSW Government will go it alone to fund an extension of the JobSaver program to help NSW businesses re-open their doors and get people back into jobs as the State starts to ease restrictions and enjoy greater freedoms.
\nWhen NSW reaches the 70 per cent\u00a0double\u00a0vaccination rate JobSaver payments will be\u00a0tapered\u00a0from\u00a040 per cent to\u00a030 per cent of weekly payroll.
\nWhen NSW reaches the 80 per cent double vaccination rate, the joint Commonwealth and NSW Government JobSaver payments will cease and the Commonwealth will end its contributions.
\nAt that time, the NSW Government will continue to fund its 50 per cent contribution to JobSaver payments. At this point JobSaver payments will be tapered from 30 per cent to 15 per cent of weekly payroll.
\nJobSaver payments will\u00a0end on\u00a030 November, coinciding with the further relaxation of restrictions.
\nPremier Gladys Berejiklian said the extension of JobSaver would work alongside the NSW Government\u2019s Roadmap and the easing of restrictions, giving businesses certainty.
\n\u201cThe continuation of JobSaver over the next two months will give businesses across NSW the financial boost they need to get them through the challenge of re-opening their doors,\u201d Ms Berejiklian said.
\n\u201cThe light at the end of the tunnel is so close, and this support will help see businesses and workers out to the other side and prepare them for re-launch.\u201d
\nBy 30 November, the NSW Government\u00a0is expected to\u00a0have unilaterally provided\u00a0over $8 billion in direct support to businesses and individuals, including through the JobSaver program and its contribution to Commonwealth Disaster Payments.
\nTreasurer Dominic Perrottet said pivoting JobSaver from support to recovery would put businesses on the front-foot as restrictions are eased and the economy is restarted.
\n\u201cJobSaver has helped businesses weather the storm of the latest outbreak and now is the right time to plan for the future so we can get our economy firing again,\u201d Mr Perrottet said.
\n\u201cI know business across the State are keen to open their doors, and are busy planning now that our Roadmap is out. There\u2019s renewed optimism in NSW.
\n\u201cWe are sticking by businesses and giving them the support they need to get back on the road to prosperity with the State only a few weeks away from re-opening.
\nThe jointly funded Commonwealth and NSW Government business support package, including JobSaver, has provided a $7 billion financial lifeline to businesses over the past three months helping keep people connected to their workplaces. Over the next two months, this lifeline will increase to almost $12 billion provided to NSW businesses to make it through the Delta pandemic.
\nAfter NSW reaches the 80 per cent double vaccination\u00a0target the Micro-business grant will continue to be available at a rate of $750\u00a0a\u00a0fortnight, before ceasing on 30 November.
\nThe NSW Government will announce its comprehensive Economic Recovery\u00a0Plan in early October, designed to boost business confidence and jobs growth and inject stimulus as\u00a0restrictions ease across\u00a0the State.
\nDetails of the JobSaver tapering are set out below:<\/strong><\/p>\n\n\n\n\n\n\n\n
JobSaver
\n(excluding\u00a0extension
\nprogram)<\/td>\n		Share\u00a0of
\nweekly payroll<\/td>\n		Weekly payment range
\n(paid fortnightly)<\/td>\n		Weekly payments to\u00a0non-employing business
\n(paid fortnightly)<\/td>\n<\/tr>\n
Current<\/td>\n40%<\/td>\n$1,500\u00a0to\u00a0$100,000<\/td>\n$1,000<\/td>\n<\/tr>\n
10 October<\/td>\n30%<\/td>\n$1,125\u00a0to\u00a0$75,000<\/td>\n$750<\/td>\n<\/tr>\n
80 per cent double dose<\/td>\n15%<\/td>\n$562.50\u00a0to\u00a0$37,500<\/td>\n$375<\/td>\n<\/tr>\n
30 November<\/td>\n–<\/td>\n–<\/td>\n–<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

The NSW Government will go it alone to fund an extension of the JobSaver program to help NSW businesses re-open their doors and get people back into jobs as the State starts to ease restrictions and enjoy greater freedoms. When NSW reaches the 70 per cent\u00a0double\u00a0vaccination rate JobSaver payments will be\u00a0tapered\u00a0from\u00a040 per cent to\u00a030 per … Continue reading “Jobsaver extension to boost business recovery”<\/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":[4],"tags":[],"class_list":["post-13187","post","type-post","status-publish","format-standard","hentry","category-nswnews"],"_links":{"self":[{"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/posts\/13187","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=13187"}],"version-history":[{"count":0,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/posts\/13187\/revisions"}],"wp:attachment":[{"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/media?parent=13187"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/categories?post=13187"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/tags?post=13187"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}