Expanding the NSW government support package
The NSW and federal governments have expanded their existing package, which means:
- Support payments between $1,500 to $100,000 per week for eligible businesses (including not-for-profits)
- the turnover threshold to received the payments has increased from $50 million to $250 million per year
- the payment is based on organisations' payroll — 40% of payroll (up to the maximum amount) for businesses that have suffered a decline of 30% or more of their turnover due to the lockdown
- Sole-traders' (and other businesses without employees) payments will remain capped at $1,000 per week.