ARTICLE · 06 OCTOBER 2021

Time to cash flow forecast in NSW

Moore Australia

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JobSaver update and things to consider over the coming months.

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JobSaver update and things to consider over the coming months

As NSW will soon start to exit lockdown, business owners need to plan for the Government's announcement to reduce and end the JobSaver payments. Cash flow is going to be one of the key issues many businesses will face over the coming months.

End of JobSaver

The Government have announced the following changes to the JobSaver payment, which will be reduced as vaccination rates increase and businesses start opening again:

When NSW reaches 70% double vaccination, JobSaver will reduce from 40% of weekly payroll to 30% and up to a maximum of $75,000 per week (reducing from $100,000). This is anticipated to occur on 10 October 2021.

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