A new Small to Medium Business Support payment called “JobSaver” is now available to eligible entities in NSW — including startups, not-for-profits and sole traders.
Your company will be eligible if:
- Your turnover is 30 per cent lower than an equivalent two-week period in 2019
- Your annual turnover is between $75,000 and $250 million (updated 28 July)
- You maintain their full time, part time and long-term casual staffing level as of 13 July 2021
Eligible entities will receive 40% of their NSW payroll payments, at a minimum of $1,500 and a maximum of $100,000 per week.
For non-employing businesses, such as sole traders, the payment will be set at $1,000 per week
The payments will cover the period from week four of the lockdown (i.e. week commencing Sunday 18 July) until the current lockdown restrictions are eased or when the Commonwealth hotspot declaration is removed. It is expected the payments will be paid fortnightly to eligible entities.
The NSW Treasury says businesses can expect to receive funds in their accounts within five to 10 business days from their approval date.
How to Apply
You can register your interest for JobSaver from 14 July 2021 on the Service NSW website.
Applications are expected to open on 26 July 2021.
Join our mailing list!
Thank you for reading our blog! If you’re not already on our BlueChilli newsletter mailing list, click here to join and be the first to hear about our startup news and events: https://www.bluechilli.com/newsletter/