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JobSaver in NSW

While it is still unclear as you can’t apply till 26 July, we have a bit more information on the NSW “JobSaver” program – NSW government’s JobKeeper equivalent.

The will be fortnightly payments of 40% of weekly payroll, with a minimum payment of $1,500 per week and a maximum payment of $10,000 per week (or $1,000 a week for non-employing businesses – self employed).

To be eligible you will need to show a revenue decline of 30%. This all almost certainly be the same as Business Grant that requires the pro forma letter from you accountant.

Also to be eligible you need turnover between $75,000 and $50 million.

It is also pretty certain you will need to keep the same headcount, just like the Business Grant.

Expressions of interests are open but applications will only open from 26 July 2021.

By Ken Mansell

As a stay at home Dad most of the week this is my way of pretending I am still the tax counsel of ASX and SEC listed companies, working at big 4 firms, working at the Federal Treasury, on the Henry Review and at Parliament House for the previous government.

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