Job Saver

Job Saver is a support program funded jointly by the NSW and Commonwealth governments to maintain employment of staff for small and medium businesses impacted by the current health restrictions.

It will provide fortnightly payments to help maintain employee headcount (as at 13 July) and provide cashflow support to businesses.

Employing businesses can receive 40% of weekly payroll, with a minimum payment of $1,500 per week and a maximum payment of $10,000 per week. Non-employing business can receive $1,000 per week.

To be eligible, busineses need to have a revenue decline of 30% or more and a turnover between $75,000 and $50 million.

This program is expected to open in late July.