Josh Frydenberg has updated the rules around the Covid-19 Disaster Payment that may impact you or your staff on 29 September.

These new rules effectively start to remove the Covid-19 Disaster Payment once each state reaches 70% double dose vaccination.

The current financial support until your state reaches 70% double dose vaccination

Assuming you meet all the criteria, the Covid-19 Disaster Payment is:

• If you lost either between 8 and less than 20 hours of work per week; or a full day of your usual work hours per week – $450 per week.
• If you lost 20 hours or more of work per week – $750 per week.
  

Once you have applied for this once, the payments are automatically paid each week.

Between 70% and 80% double dose vaccination rates in your state

Once your state reaches 70% double dose vaccination, assuming you meet all the criteria, the Covid-19 Disaster Payment is the same as above, but you need to re-apply each week, confirming your eligibility.

Once your state reaches 80% double dose vaccination rates

In the first week after a state has reached 80 per cent vaccination there will be a flat payment of $450 for those who have lost more than 8 hours of work.

In the second week, the payment will be $320 for the week for those who have lost more than 8 hours of work.

You will need to re-apply each week.

After the second week, there will be no more payments, if your business is affected by movement restrictions.

So, if you are in NSW you and your staff could stop getting any Covid-19 Disaster Payment in mid November.

Click here to go to the Services Australia website to get more information on the Covid-19 Disaster Payment and how to apply

If you want a confidential discussion on your business situation, contact me below

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To ensure I help your business specifically, the best approach I have found is to have an obligation free session with you.  In this session we will review your current business in a factual and objective manner, to better understand the challenges that you face.  And this session does not need to be face to face.

At the end of this session, you will have multiple ideas on how your business can survive and thrive in these uncertain times.

Simply fill in the contact form below or email me at wayne@aRealCFO.com.au or call me on 0412 227 052 to organise one of these obligation free sessions.

To get help you successfully navigate your way through your financial challenges so your business can survive and thrive in these uncertain times, simply use the contact form on the left to email Wayne or call him on 0412 227 052.

Let Wayne Wanders, a fully qualified and experienced CFO, help you successfully navigate your way through your financial challenges so your business can survive and thrive in these uncertain times.

Wayne Wanders, A Real CFO

wayne@aRealCFO.com.au