Business and worker virus support boosted

Businesses hit hard by lockdowns in NSW and Victoria are being offered further financial support.
Businesses hit hard by lockdowns in NSW and Victoria are being offered further financial support.

FEDERAL AND STATE GOVERNMENT CORONAVIRUS SUPPORT

ANY LOCKED-DOWN STATE OR TERRITORY

* Weekly support payments to rise from $600 to $750 for full-time workers and $450 (up from $375) for part-time workers

* People on Centrelink payments will be eligible for $200 a week if they lose more than eight hours of work

* New rate is similar to JobKeeper and will be the ongoing rate if other states or territories face future lockdowns

NEW SOUTH WALES

* Eligible businesses and not-for-profits will receive payments of between $1500 and $100,000 a week depending on payroll

* Maximum turnover cap increased from $50 million to $250 million

* Payment calculated based on 40 per cent of payroll for businesses that have suffered a decline of 30 per cent or more in turnover

* Sole trader payment to remain at $1000 a week

* Expanded scheme expected to cover more than 400,000 businesses employing 3.3 million workers in NSW

* Wider eligibility backdated to July 18

VICTORIA

* New $156 million business continuity fund delivering $5000 grants to around 30,000 firms in 24 sectors impacted by capacity limits

* Includes gyms, cafes, restaurants, catering services and hairdressers

* Eligible Melbourne CBD businesses to receive an extra $2000, recognising reduced foot traffic due to office density limits

* Hospitality fund to receive an extra $70 million with grants of up to $20,000 for larger venues dependent on more dine-in patrons and higher operating costs

* Commercial landlords to share in $80 million to help provide rent relief for tenants

* New $85 million fund to support small businesses who have not been eligible for other support

* The program offers $5000 grants to businesses who have experienced a 70 per cent or greater revenue reduction with a payroll of up to $10 million

* An extra $9.8 million for grants of between $5000 and $20,000 to 430 businesses in the state's alpine region

* Includes $5 million for resort operators and management boards

Australian Associated Press