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Business Support Summary - July 2021 Lockdown

Written by Renee Thorn   

Covid-19 Disaster Payment

Prime Minister Scott Morrison has reached agreements with the Victorian & NSW state Governments that will see jointly funded financial assistance to workers who have been impacted by the current lockdowns.

Who is eligible? 

 

Details on designated NSW hotspots and eligibility criteria for affected workers is available on the Services Australia website here.

It has been confirmed that there is no liquid assets test applied to receive these payments

What is the payment? 

The COVID-19 Disaster Payment is taxable income

Payments will be made in arrears on application 7 days after the commencement of the lockdown (that is from Friday 23 July 2021).

State Business Support

in addition to the above, each of NSW and Victoria are providing support to businesses impacted by the current restrictions. They are as follows:

Victoria

On 21 July, Premier Daniel Andrews announced that The Victorian Government will provide new cash grants for businesses affected by the fifth short lockdown.

What to expect
Businesses that received payments through the Business Costs Assistance Program Round Two will automatically receive an additional $4,800 in total with first payment being $2,000 and second payment $2,800.

Business that received the Licensed Hospitality Venue Fund 2021 will automatically receive $7,200 in total with first payment being $3,000 and second payment $4,200.

Didn’t apply?

Businesses that had chosen not to apply for these support programs in the May-June lockdown, or had been ineligible to apply but are now eligible, will be welcome to apply for July lockdown support payments and will be considered outside of the automatic top-up process.

Payments are due to commence over the course of this week.

NSW

Please refer to the Service NSW website, for the support measures which are available for the eligible business impacted by the current Greater Sydney COVID-19 restrictions.



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