Further Commonwealth business support explained : vimarsana.

Further Commonwealth business support explained


Prime Minister Scott Morrison. Source: AAP/Lukas Coch.
The federal government has confirmed a new suite of support payments available to businesses in both New South Wales and Victoria, as Sydney enters an additional four weeks of lockdown, and Victorian businesses start to open up.
In New South Wales, the JobSaver program has been extended, with the maximum weekly payment for businesses increased from $10,000 per week to $100,000.
The turnover threshold for eligibility has also been increased from $50 million to $250 million.
Businesses that have seen a dip in turnover of 30% or more will be eligible for funding to cover 40% of their payroll. They will only be eligible if they do not reduce headcount.

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