The NSW JobSaver, which provides payments of up to 40% of weekly payroll, is jointly funded by the state and Commonwealth governments. From 13 September, businesses receiving JobSaver have been required to reconfirm their eligibility for the payment each fortnight including a 30% decline in turnover test and headcount test.
| JobSaver* | Weekly payroll | Min | Max | Non-employing business |
| Current | 40% | $1,500 | $100,000 | $1,000 |
| 10 October | 30% | $1,125 | $75,000 | $750 |
| 80% full vaccination | 15% | $562.50 | $37,500 | $375 |
| 30 November | 0% | $0 |
*excludes extension program
At 70% full adult vaccination (10 October 2021), JobSaver will reduce from 40% of weekly payroll to 30%. Then, at 80% full vaccination, the Commonwealth will withdraw funding. The NSW Government announced that it will continue to fund their portion of JobSaver up until 30 November 2021 (15% of payroll).
It is unclear at this stage of what the impact of the withdrawal of Commonwealth funding at 80% vaccination rates will mean to large tourism, hospitality, and recreation businesses.
The $1,500 fortnightly micro-business grant, will reduce to $750 per fortnight from 80% full vaccination and cease on 30 November 2021.
If you are uncertain how the easing of restrictions will impact on you and your workplace, see the roadmap.
As always if you require any assistance navigating these changes, the TSP team are here to help. Call us on 49 264155 or email us admin@tspaccountants.com.au.