NSW support measures: ended and expanded programs

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On 30 November 2021, the primary form of COVID-19 business support provided by the NSW Government ended. The JobSaver program was co-funded by the Commonwealth and the NSW Government until NSW reached the 80% double COVID-19 vaccination target. Since then, the JobSaver payments have been funded wholly by the NSW Government although the amount of the payments tapered between October and the end of November.

The tapered payment rates are set out at Table 1 below.

JobSaver payments ended on 30 November 2021, and applications for the JobSaver payment are now closed. Recipients still need to need to reconfirm their eligibility for the final JobSaver fortnight from 22 November 2021 to 5 December 2021, however this can be done by 31 January 2022. The additional time means that reconfirmation of the final fortnight does not have to be done before the Christmas break.

While the decline in turnover calculation must be worked out for the whole of the final fortnight — from 22 November to 5 December 2021 — the final JobSaver payment covers the period only from 21 November to 30 November 2021. This is not a complete fortnight, so payments will be prorated accordingly so that the final JobSaver fortnightly payment covers a total of 10 days.

The decision to require reconfirmation of eligibility for the full fortnight but provide payments for only 9 days in the fortnight followed consultation with the Professional Bodies Working Group, of which The Tax Institute has been a key participant. This approach ensures that a 9-day comparison period does not have be determined to work out whether the requisite decline in turnover has been experienced by the business or not-for-profit (NFP) organisation for the final JobSaver period.

 

Get the full guide

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Included in the guide:

  • Reporting final fortnights for JobSaver payment and the Micro-business grant
    • The end of JobSaver
    • The end of the Micro-business grant
    • Payment rates and schedules
      • TABLE 1: JobSaver and Micro-business Grant payment rates
      • TABLE 2: Fortnightly JobSaver payment — full schedule
      • TABLE 3: Fortnightly Micro-business Grant payment — full schedule
    • Points to note
  • Expanded Small Business Fees and Charges Rebate
    • Original Rebate
    • Expanded Rebate

 

This guide is a resource for The Tax Institute's members. If you'd like to become a member, to access this and leading resources like it, explore membership options today.

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