Business advice
and accounting

Our purpose is to help you on your journey as you grow. Learn more about our history, partners and purpose.

Our purpose is to help you on your journey as you grow. Learn more about our history, partners and purpose.

Your partners for Business Service and Advisory, Taxation, Audit, Fraud and Risk.

Whatever your business, industry or family office, from local or international institutions we bring extensive expertise.

We're one team with a purpose and passion for what we do. Learn about our culture and career opportunities available to you.

Uncovering insights, trends and inspiration to help business grow in an ever-changing world.

We are always looking for ways to engage and give back to our community.

Telephone: +612 9283 1666
Email: admin@esvgroup.com.au

Level 13, 68 York Street,
Sydney NSW 2000

Why us

Our purpose is to help you on your journey as you grow. Learn more about our history, partners and purpose.

What we do

Your partners for Business Service and Advisory, Taxation, Audit, Fraud and Risk.

Who do we help

Whatever your business, industry or family office, from local or international institutions we bring extensive expertise.

Work with us

We're one team with a purpose and passion for what we do. Learn about our culture and career opportunities available to you.

What we think

Uncovering insights, trends and inspiration to help business grow in an ever-changing world.

Working to give back

We are always looking for ways to engage and give back to our community.

Contact us

Telephone: +612 9283 1666
Email: admin@esvgroup.com.au

Level 13, 68 York Street,
Sydney NSW 2000

30 September 2021

by David Prichard and Karen Le

Scomo scaling back support but Gladys will continue to help NSW (well at this stage anyway)

Earlier today the Federal Government’s Treasurer Josh Frydenberg announced that the Commonwealth will move to wind back support for businesses once 70 percent of a state’s over-16 population is fully vaccinated and at 80 percent the support would cease. In NSW this would mean support would stop before the end of October.

However, the NSW Treasurer Dominic Perrottet then announced that the NSW Government would continue to contribute towards payments for businesses affected by coronavirus restrictions until November 30.

  • When NSW reaches the 70 percent double vaccination rate JobSaver payments will be tapered from 40 percent to 30 percent of weekly payroll.
  • When NSW reaches the 80 percent double vaccination rate, the Commonwealth will end its contributions and the NSW Government will continue to fund its share. At this point JobSaver payments will be tapered from 30 percent to 15 percent of weekly payroll.
JobSaver Share of weekly payroll Weekly payment range (paid fortnightly) Weekly payments to non-employing businesses (paid fortnightly)
Current 40% $1,500 – $100,000 $1,000
As early as 10 October 2021 30% $1,125 – $75,000 $750
80% double dose (expected to be sometime before October 25) 15% $562.50 – $37,500 $375
Forecasted 30 November 2021 Nil Nil Nil

Whilst we assume that the above relates to most businesses based on the current $100,000 per week cap used, we are yet to receive any updates on what this means for large businesses in the hospitality, tourism, and recreation industries. We will keep you updated once we hear more from ServiceNSW.

In a similar fashion for workers, the Federal Government has also announced a scale back of the Covid-19 Disaster payments based on the 70 percent and 80 percent double vaccination rate.

With a number restrictions still in place during October and November the NSW Government is wanting to help businesses as they face the challenges of re-opening their doors.

Our crystal ball is not working today so at this stage we remain optimistic for business owners as support tapers whilst much of the NSW economy is restarted.

If you have any questions about how these changes will affect your circumstances, please reach out to your Engagement Partner.