NSW COVID support to extend after Morrison government pulls out

“We have restrictions in place. It’s been a very difficult time and the decision that the Premier and myself and our crisis cabinet made yesterday is to keep our support going.”

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Mr Perrottet earlier this month revealed to the Herald the Delta outbreak had cost the state $11 billion, with the budget deficit now forecast at $19 billion.

He said on Thursday the state’s metric for success would not be based on its budget position going forward, and rather the number of people it kept in work during the pandemic.

NSW Premier Gladys Berejiklian said the state planned on outlining its full economic recovery plan in early October.

“The light at the end of the tunnel is so close, and this support will help see businesses and workers out to the other side and prepare them for re-launch,” she said.

Federal Treasurer Josh Frydenberg said on Wednesday it was up to the states to decide whether additional targeted business support is needed as a result of any health restrictions.

NSW businesses receive 40 per cent of their weekly payroll from the JobSaver program, with a weekly payment range of between $1500 to $100,000.

That will be cut to 30 per cent ($1125 – $75,000) on October 10 once NSW reaches the 70 per cent vaccine target that triggers reopening.

At 80 per cent full vaccination when the federal government withdraws, payments will be cut to 15 per cent of a business’ weekly range ($562 – $37,000). By the end of November, NSW will have spent $8 billion in COVID support to businesses.


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