JobSaver Extension to boost business recovery

The New South Wales Government has announced it will "go it alone" and fund an extension of the JobSaver COVID-19 financial support program for small and medium businesses.

When NSW reaches the 80% double vaccination rate, the joint Commonwealth and NSW Government JobSaver payments will cease and the Commonwealth will end its contributions.

At that time, the NSW Government will continue to fund its 50 % contribution to JobSaver payments. At this point JobSaver payments will be tapered from 30% to 15% of weekly payroll.

JobSaver payments will end on 30 November, coinciding with the further relaxation of restrictions.

The NSW Government will announce its comprehensive Economic Recovery Plan in early October, designed to boost business confidence and jobs growth and inject stimulus as restrictions ease across the state. 

Details of the JobSaver tapering are set out below: