NSW Unveils New COVID-19 Support Package

DG Institute
DG Institute

Published 6:57 am 20 Jul 2021

Facebook Twitter Whatsapp Linkedin

The New South Wales government has just released its COVID-19 relief package following an extension to lockdowns. 

New South Wales’ lockdowns have been extended for 2 weeks, set to remain in place until July 30th after NSW reported 97 new cases of COVID-19 today.

Speaking on the lockdown extension, NSW Premier Gladys Berejiklian said: 

“We want to get out of this lockdown as soon as we can and that is why we have the settings in place that we have.”

The Premier went on to say that “unless you’re providing essential food or services, people should not be leaving their home.”

It’s estimated that the lockdowns are costing NSW $1 billion per week, which has prompted the federal government to unveil a new COVID-19 assistance package specific to New South Wales to support businesses impacted by the ongoing restrictions. 

NSW’s Pandemic Stimulus

New South Wales’ newly released stimulus package will be funded by both the federal and state governments as a means of mitigating the fallout of the recent lockdowns.

“Our number one priority remains the health and safety of the people of NSW while also keeping our economy strong as we manage the current COVID-19 challenge,” said NSW Premier, Gladys Berejiklian.

The NSW Government has already implemented a disaster relief payment of $500 a week which can be claimed by individuals in a nationally recognised hotspot for seven days and who are unable to work. For those in the same position that work fewer than 20 hours a week, they are currently eligible to receive $325. 

Both the $500 and $325 payments will be increased in the new stimulus package, up to $600 and $375 respectively. 

Additionally, payments will be sent out to businesses with an annual turnover between $75,000 and $50 million that can demonstrate a 30 per cent decline in turnover, on the condition that they maintain staff levels as of July 13th 2021. 

The support package website states: 

Eligible entities, which includes not-for-profits, will receive payments of between $1500 and $10,000 per week based on the level of their payroll.

For non-employing businesses, such as sole traders, the payment will be set at $1000 per week.

Prime Minister Scott Morrison spoke on the stimulus package, stating:

“As lockdowns extend into another week in NSW, households and businesses need this assistance to get them through the lockdown to the other side, ready to reopen.”

In addition to supporting businesses and workers impacted by the lockdowns, the NSW government will be providing $17.35 million towards mental health, via Lifeline, Headspace and the Kid’s Helpline.

COVID Vaccine doses

Vaccination Rates Are Key 

Australia’s vaccination rates are slowly edging upward after a sluggish rollout, with more than 10 percent of the adult population now fully vaccinated. 

According to the ABC, there are roughly 901,835 doses administered weekly, at which rate Australia’s adult population can expect to be fully vaccinated by early March 2022.

Additionally, Prime Minister Scott Morrison has outlined a four-phased plan for Australia to reopen, however, the Federal government has received criticism for “bungling” the vaccine rollout, particularly when it comes to the supply of Pfizer vaccines. 

The government is reportedly confident that it will receive one million doses of Pfizer each week as of July 19th, which should equate to 40 million doses this calendar year. Pfizer vaccines are in higher demand as of late, as they have been recommended for those under 60. Additionally, the recent case of a 72-year-old woman who died from blood clotting shortly after receiving the AstraZeneca vaccine has prompted greater demand for the Pfizer vaccine.

Are You A Business Owner? 

Are you a business owner that can’t predict the future? Welcome to the club. 

Over the past few years we’ve seen just how unpredictable life can be, and how perilous things can get for business owners. 

The reality is that you’ll never be able to predict the future, which is precisely why you need to guarantee the safety of your assets and financial security. 

Here at DG Institute, we teach you to do exactly that at our Business Bounce Back Livestream Event

Not only will we teach you how to safeguard your business and assets against uncertain times, but we’ll also equip you, and your business, to bounce back stronger than ever.


Good Debt Vs Bad Debt With Dominique Grubisa - DG Institute

DOMINIQUE GRUBISA
Lawyer, Asset Protection Specialist and Property Educator

Dominique Grubisa is a practicing lawyer with over 25 years experience. She is a property investor and developer, an entrepreneur with businesses in Australia and Southeast Asia, a speaker, educator, writer and published author.


This column has been written for general information purposes only. It is not intended as legal, financial or investment advice and should not be construed or relied on as such.

About DG Institute

Founded in 2009, DG Institute strives to empower everyday Australians to grow and protect their wealth. Our goal is to provide direction, motivation and inspiration to our clients and help them perform at their very best. We do that through our professional services, in addition to teaching them how to grow their wealth through property and business education.


This column has been written for general information purposes only. It is not intended as legal, financial or investment advice and should not be construed or relied on as such.

Do you want to buy property
below market value?

Our Happy Clients

  • Lisa Mitchell

    "My name’s Lisa Mitchell. I live in Chatswood in Sydney. Since joining the Elite Mentoring Program. I’ve done two deals made around $240,000. And probably when I add the extra rental that’s coming, it’s another $70,000. I could not be happier with that result. And I’m amazed by it, to be honest, I’m absolutely amazed. […]"

    Lisa Mitchell, Property Uplift Elite Mentoring Graduate

  • Jennine Kimbal

    "Janine Kimball from Newcastle since joining DG Institute we have two projects currently in progress with a gross realization value of about 10 and a half million dollars expected profit from those is going to be probably around $1.8 million when they complete the reason we joined DG Institute and the Elite Mentoring Program, was […]"

    Jennine Kimbal, Property Uplift Elite Mentoring Graduate

  • Michael Kuligowski

    "Hi, my name’s Michael, and I’m from New South Wales. Since joining the Elite Mentoring, we’ve been able to secure three properties. Well, under market value, both in inner Sydney, New South Wales, also regional new South Wales and one in Victoria by, undertaking, this program, we’ve definitely benefited, and we can see that we’re […]"

    Michael Kuligowski, Elite Mentoring Graduate (Property Uplift & Real Estate Rescue)

  • Sharon Harvey

    "Hi, I’m Sharon Harvey. I’m from South Australia. I joined the Elite Program because I was looking for something more in property and I was looking for more education and somebody who would inspire me and Dominique was that person. I listened to her talk and realize that there was a great synergy between us. […]"

    Sharon Harvey, Property Uplift Elite Mentoring Graduate

You May Also like to Read

Vaccine Passports Incoming: What it Means For Australia

Who will need them and how will the passports impact the economy?  Last week, Prime Minister, Scott Morrison threw his...

Australia’s About to Break This COVID-19 Record

Australia’s lauded COVID-19 strategy is wearing thin.  Australia has been the envy of the world for most of the...

Mergers and Acquisitions in Australia Set to Hit All-Time High

The COVID-19 pandemic has seen a boom in mergers, acquisitions and capital raises in Australian companies.  Real estate...

Sydney Lockdowns Extended: Here’s the Support Available

Sydney’s Lockdowns have been extended for a further 4 weeks - and that might be just the beginning. Here’s the support...

What To Do With Your Business In Lockdown

As Australia is plunged into multiple lockdowns, it’s time for businesses to brace themselves again for impact.  Just...

Things to Consider for your 20-21 Tax Return

For many Australians, tax time means receiving a massive bill from the ATO - but it doesn’t have to. Here are some things...