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The New South Wales Government has this week announced a significant expansion to its COVID-19 JobSaver Program. This payment program will provide support to eligible NSW businesses through the Greater Sydney lockdown, by subsidising 40% of their weekly payroll for work performed in NSW.

This announcement brings an increase to the maximum turnover threshold to $250 million (from $50 million), and an increase in the maximum weekly payments to $100,000 (from $10,000).

Eligibility

To be eligible for this scheme, your business:

  1. Must have an Australian Business Number (ABN), and must have been operating in New South Wales on 1 June 2021;
  2. Must have annual aggregated turnover between $75,000 and $250 million for the year ended 30 June 2020;
  3. Must have experienced a decline in turnover of at least 30% for a fortnight within the Greater Sydney lockdown period, compared to the equivalent period in 2019; and
  4. Must have maintained their employee head count as at 13 July 2021 throughout the period.

For non-employing businesses, the business that is eligible for JobSaver payments must be the primary income source for an associated person. However, individuals with more than one non-employing business can only claim JobSaver payments for one business.

The weekly JobSaver payments will range from $1,500 to $100,000 for employers. Eligible non-employing businesses will receive $1,000 per week.

Weekly payroll

A business’s weekly payroll will be determined with reference to the calculations underlying the most recent Activity Statement provided to the ATO prior to 26 June 2021.

The amounts reported at W1 of the Activity Statement will be used to determine the weekly payroll. The W1 amounts should be adjusted for amounts voluntarily withheld on behalf of contractors in NSW. That amount should then be divided by the number of days in the BAS period and multiplied by 7. This will give the Weekly Payroll amount.

Businesses that operate across state borders should use the same method, but only take into account the wages, salaries and other amounts paid to employees who usually worked, or were based, in NSW during the relevant BAS period.

Applications are open now!

Applications for the JobSaver program are currently open and will close on 18 October 2021. Applications can be submitted through the Service NSW website.

Applicants will need to submit evidence to verify their eligibility for the JobSaver scheme.

Learn more

If you would like to know more about determining your eligibility for the program, please contact Tom Howard, Murray Howlett or your Pilot Advisor on 3023 1300.