The New South Wales (NSW) government has unveiled a $1 billion (US$702 million) support package for businesses hit hard by the Omicron outbreak as the new wave continues to dent consumer confidence and the labour force. On Sunday, NSW Premier Dominic Perrottet said the government had the back of every business and worker in the state. “No other jurisdiction, no other state to date has provided financial support except NSW because that is the NSW way,” Perrottet told reporters. The package targets businesses with a turnover between $75,000 (US$52,000) and $50 million (US$35 million) who suffered a 40 percent downturn in January, and project to do the same in February. Those eligible can receive payment of up to $5,000 (US$3500) per week, or 20 percent of payroll. The government has extended the Small Business Fees and Charges rebate program to $3000 ($2100), which can include 50 percent of the costs incurred …
Australian State Announces $1 Billion Recovery Package for Businesses
January 31, 2022
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AustraliaBarnaby JoyceDominic PerrottetEconomic Support PackageInternationaljobkeeperJobSeekerMatt KeanWorld
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