COVID Assistance During NSW Lockdown
It is no secret that people are struggling throughout this pandemic, particularly in an environment of lockdowns; renters have been identified by the NSW government as one of the vulnerable sections of the community who may be struggling to make ends meet. As a result, a 60-day moratorium on evictions has been announced, and NSW landlords will be incentivised to reduce their rents for COVID-19 affected tenants.
Premier Gladys Berejiklian and Treasurer Dominic Perrottet have unveiled a multi-billion economic support package aimed at helping businesses and residents across the state throughout the lockdown, coupled with assistance from the Federal Government.
- Sydney renters will be protected from eviction for the next 60 days if they have lost at least 25% of their income in the latest lockdown. This also applies to commercial and retail tenants.
- Land tax rebate for landlords who offer rent reductions.
- NSW workers will be able to access federal government support payments of $375 per week if they have lost between 8-20 hours of work a week during lockdown; this increases to $600 a week if they have lost more than 20 hours or work a week.
- For non-employing sole traders, the payment is set at $1,000 a week.
- A new Jobkeeper-style support for businesses has also been revealed, with those suffering a 30% decline in turnover to receive payments of between $1500 and $10,000 per week.
- There is also a $17.35 million mental health support package including services through Lifeline, Headspace, and Kids Helpline.
- NSW to extend small business grants program.
- Payroll tax liabilities to be lifted.
It is critical we all work together to comply with government guidelines to not only avoid financial penalties, but more importantly, to minimise risk of spreading or catching infection. If you haven’t already organised a date for your vaccination, please do – the sooner we can escalate our vaccination rates, the sooner we can enjoy increased freedoms, and get back to some normality. Bring it on!