The Government announced on the 22 March a second stimulus package, including $550 extra per fortnight for welfare recipients in a package worth $66 billion.
This $550 per fortnight is in addition to regular welfare payments, and applies to:
Job Seeker (Newstart)
Youth Allowance
Parenting Payment
Farm Household Allowance
The payments will last for six months, and asset tests and waiting times for the JobSeeker allowance will also be waived.
If you are a sole trader and have seen a dramatic decrease in income you may be eligible for a partial Job Seeker payment. This should then give you access to the full $550 Coronavirus Supplement Payments.
Your partners income will be included in your assessment for the Job Seeker payment.
The above packages may be available if you have been operating via a Company or Trust, albeit the forms and calculations will be more complicated.
For further information and how to claim click here.
If you would like to discuss how any of the above applies to your circumstances please do not hesitate to contact us on (03) 9584 2277 or via email.