If your business has experienced financial decline during the stay at home orders, there are multiple COVID-19 financial support packages available. $2.58 billion has already been paid out from 239,704 financial support applications.
The main support packages include:
Fortnightly payments of up to $100,000 per week for employing businesses and $1000 per week for non-employing businesses, with 30% decline or more.
A fortnightly payment of $1,500 for businesses with a turnover between $30,000 and $75,000, that can show a revenue decline of 30% or more.
Financial support for workers of $325–$450 for a loss of 8 to 20 hours of work per week, and $500–$750 for a loss of more than 20 hours per week.
Criteria for some of these support packages have changed to allow more businesses access. You can assess the criteria to work out which one is the most relevant for your business.
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