COVID financial support will be canceled

0

Support for Australians who lost hours of work during the COVID-19 pandemic will be relaxed as states and territories meet immunization targets and the economy reopens.

Since the start of the pandemic, the Morrison government has provided $ 291 billion in direct economic support to households and businesses.

The COVID-19 Disaster Temporary Payment has supported around two million Australians with more than $ 9 billion in payments made since it was announced in June this year.

Under this payment, eligible beneficiaries received $ 750 per week if they lost more than 20 hours of work, $ 450 per week if they lost between eight and 20 hours and $ 200 per week for those receiving income support payments that lost more than eight hours of work.

Treasurer Josh Frydenberg said the payment will change once a state or territory achieves 70% full immunization of its population aged 16 and over, in accordance with phase B of the national pandemic exit plan.

As of Tuesday, 52.6% of people over 16 nationwide received a second dose of the vaccine.

Once a state or territory reaches 70% full immunization, the automatic renewal of the temporary payment will end and individuals will need to reapply each week that a Commonwealth hotspot remains in place to confirm their eligibility.

In line with the move to Phase C, where a Commonwealth hotspot remains in place and a state or territory achieves 80% full immunization, the temporary payment will be waived over a two-week period prior to completion.

During the first week after a state or territory reaches 80% immunization, there will be a lump sum payment of $ 450 for those who have lost more than eight hours of work, while those receiving support of income will receive $ 100.

In the second week, the payment will be aligned with JobSeeker at $ 320 for the week for those who have lost more than eight hours of work, while the payment will end for those on income support.

“For those who have not yet returned to the labor market after the end of the temporary payment as the economy opens up, the social security system will support the return to work of those who qualify,” Frydenberg said. .

The government will keep another support measure in place – the pandemic disaster payment – until June 30, 2022.

“As restrictions ease, the economy is well positioned to rebound,” Frydenberg said.

“Today’s announcement regarding the phase-out of COVID disaster payment will provide businesses and households with the certainty they need to plan for the future.”

He said the government was working with locked-out states and territories to reduce support payments to businesses once vaccination rates hit 70% in those jurisdictions and would have more to say on that support shortly.


Source link

Leave A Reply

Your email address will not be published.