Prime Minister Scott Morrison is unveiling a new financial assistance package for workers and businesses that will apply in the cases of “protracted” COVID-19 lockdowns,as Greater Sydney faces a lockdown extending beyond three weeks.
“The NSW outbreak has proved to be more severe,more dangerous,and it’s in the national interest that we now put in place an upgraded set of arrangements for cooperation with the states and territories that will first be put in place here,” Mr Morrison said just now.
![Prime Minister Scott Morrison,flanked by NSW Treasurer Dominic Perrottet and Premier Gladys Berejiklian.](https://static.ffx.io/images/$width_300%2C$height_150/t_crop_auto/t_sharpen%2Cq_auto%2Cf_auto/6eff218370a0419267dac17e2962a5d61a6acdbe)
Prime Minister Scott Morrison,flanked by NSW Treasurer Dominic Perrottet and Premier Gladys Berejiklian.Wolter Peeters
Mr Morrison said national cabinet had previously agreed that the Commonwealth would provide direct income support for individuals and that state and territory governments would provide the support for business payments.
He said a joint financial assistance package would now apply in NSW,and in any state or territory in the future where a lockdown extended beyond a third week.
The Commonwealth and NSW will share some costs 50/50,although the state government has already indicated it will cover disaster recovery payments for areas in the state outside Commonwealth declared COVID hotspots from week four of the lockdown.
Under the plan,workers will receive an increase in their income support from $500 to $600 per week while business owners will be offered a cash flow boost of up to $10,000.
“What we have decided to do to go forward into week four[of lockdown] is that those payments will be increased to $600 for those who have lost more than 20 hours,and increase[from $325] to $375 for those ... who have lost between eight and 20 hours a week,” he said.
This would continue “as long as the lockdown continues”,Mr Morrison said.
Companies with annual turnover of up to $50 million will be able to receive the cash flow boost as long as they can show a 30 per cent fall in their turnover.
But they must also show they are not laying off staff,meeting the core government objective of protecting jobs.
The cash flow benefit will range from $1,500 to $10,000.
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