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As NSW approaches the 80% double vaccination target, the JobSaver and Micro-business Grant payments will reduce before ceasing on 30 November 2021. 

JobSaver payments will reduce by 25% after 10 October 2021, and by 50% of that amount after the 80% double vaccination rate is reached. 

The Micro-business Grant will reduce by 50% after the 80% double vaccination rate is reached. 

The new payment rates are set out in the table below. 

JobSaver

From 13 September, businesses receiving JobSaver are now required to reconfirm their eligibility each fortnight. This includes confirmation of a continued 30% decline in turnover test and headcount test.

After 10 October 2021, JobSaver will reduce from 40% of weekly payroll to 30%.

At 80% double vaccination, the Commonwealth will withdraw funding. The NSW Government announced that it will continue to fund its portion of JobSaver up until 30 November 2021 (15% of payroll).
 
Further information is available from Service NSW
 

Micro-Business Grant

The $1,500 fortnightly micro-business grant, will reduce to $750 per fortnight once NSW reaches the 80% double vaccination target, before ceasing on 30 November 2021.
 

Other Key Points

  • Businesses and not-for-profit organisations (NFP) are entitled to claim support payments only if they meet the eligibility conditions
  • It is expected that fortnightly reconfirmation of eligibility will continue for the remainder of the program
  • Both the JobSaver payment and the Micro-business Grant programs will end on 30 November 2021
  • It is unclear whether businesses and NFPs will be allowed more time to lodge applications beyond 11:59pm on 18 October 2021 (the current close date for applications), given the extension of the two programs
  • It is unclear at this stage how the confirmation of eligibility for the final fortnights will work, given these periods are less than 14 days

Here to Help

As always, the FMA team are across the detail and ready to answer any questions you may have. 

Contact our office on +61 2 9540 6888 or via email at info@fmapartners.com.au 
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