Applications for the NSW and Federal Government’s Jobsaver Payment open on Monday 26 July 2021 and will close at 11:59pm on 18 October 2021.

Eligibility Criteria

Businesses that meet the following criteria are eligible for this grant:

1. Have an ABN and were operating in NSW as at 1 June 2021;
2. Had an aggregated annual turnover between $75,000 and $250 million (inclusive) for the year ended 30 June 2020;
3. Have experienced a decline in turnover of 30% or more due to the Public Health Orders over a minimum 2-week period within the Greater Sydney lockdown (this is currently between 26 June and 30 September 2021) compared to the same period in either 2019, 2020, or the 2-week period immediately before lockdown began (12 June to 25 June 2021);
4. Maintain their employee headcount as at 13 July 2021 for the period for which the business is receiving JobSaver payments;
5. Non-employing businesses are only entitled to the payment if the business is the primary income source for the associated person. Individuals with more than one non-employing business may only claim payments for one business.

Employees can receive Commonwealth COVID-19 Disaster Payments if their employer is receiving JobSaver. Non-employing businesses are not eligible for the JobSaver payment if individuals associated with and deriving income from the business have received a Commonwealth COVID-19 Disaster Payment since 18 July 2021.

Payment Amounts

Eligible businesses will receive fortnightly payments, back dated to week 4 of the Greater Sydney lockdown (18 July 2021), as follows:

• Businesses with employees will receive a payment, equal to 40% of their weekly payroll for work performed in NSW. The minimum weekly payment will be $1,500 and the maximum will be $100,000;
• Businesses without employees will receive $1,000 per week.

Weekly payroll will be determined by referring to the total salary and wages reported at label W1 on the most recent Business Activity Statement (BAS) provided to the Australian Taxation Office (ATO) prior to 26 June 2021 for the 2020-21 financial year. The amount at W1 is divided by the number of days in the BAS period and multiplied by 7 to calculate the weekly payroll.

Application Process

Businesses that have applied and are eligible for the 2021 COVID-19 business grant will generally be automatically eligible for the JobSaver but must provide further information on employee headcount and payroll.

Once deemed eligible, businesses will receive automatic fortnightly payments and businesses must notice Service NSW if they cease to maintain the number of employees they had on 13 July 2021.

Business’s in highly impacted industries will not need to provide evidence of their decline in turnover at the time of application, but this may be requested later on by Service NSW as part of their compliance checking process. Businesses that are not in highly impacted industries will need to upload a letter from an independent accountant, tax agent, or BAS agent confirming the decline in turnover. All employing businesses will need to provide evidence of their weekly payroll, which for most businesses will be their most recent FY2021 BAS lodged with the ATO before 26 June 2021.

If you would like to lodge an application for this payment, please click here to apply.

To view the full guidelines on this payment from Service NSW, please click here.

Catalyst Financial is able to assist with preparing the independent accountant letter, where required. If you require any assistance with claiming this payment, please don’t hesitate to contact us.