Cashflow Boost Returns for NSW
                     Cashflow Boost 
Returns for NSW
NSW businesses will now receive up to $10,000 per 
week under a new support measure modelled off 
2020’s cash flow boost payment, Prime Minister Scott 
Morrison has announced.
The new measure will be available from next week- the 
fourth week of Greater Sydney’s lockdown- and will see 
eligible businesses receive a minimum of $1,500 and a 
maximum of $10,000 per week.
It will be available to non-employing and employing 
entities in NSW, including not for profits, with an annual 
turnover between $75,000 and $50 million.
Entities will be eligible if their turnover is 30 per cent 
lower than an equivalent two-week period in 2019.
The payment rate will be based on 40 per cent of their 
NSW payroll payments. Non-employing businesses, 
such as sole traders will see the payment capped at 
$1,000 each week.
To receive the payment, entities will be required to 
maintain their full time, part time and long term casual 
staffing level as of 13 July.
Prime Minister Scott Morrison said the new payments 
were modelled off the cash flow boost measure that 
was introduced at the start of the COVID-19 pandemic 
last year but will be jointly funded between the 
Commonwealth and New South Wales.
“What we’ve learnt during the pandemic is you do what 
works. When you need to do it again, you do what 
works,” said Mr Morrison.
“The support that’s been provided through this cash 
flow boost is not only commensurate with what was 
provided last time, but in most cases it’s actually 
greater because it needs to be more concentrated.
“It’s kicking in in week four and it will go for as long as 
the lockdown requires.”
NSW treasurer Dominic Perrottet also revealed that 
micro businesses earning more than $30,000 but less 
than $75,000 would also receive a backdated $1,500 
per fortnight payment from week one of the lockdown 
if they have seen a 30 per cent reduction in turnover.
Payroll tax liabilities will also be deferred for two 
months.
Disaster payments boosted
Mr Morrison also announced an increase to the COVID 
disaster payment, which has been bumped from $500 
to $600 for those who work more than 20 hours each 
week, and from $325 to $375 for those who have lost 
between “eight and 20 hours a week”.
The payment’s eligibility criteria has been broadened to 
include all residents of NSW, too, and is no longer 
limited to those under lockdown in regions declared 
hotspots by the Commonwealth. The broadened scope 
of the payment, however, is limited to residents of 
NSW, as its cost will be offset by the state government.
“The NSW outbreak has proved to be more severe, 
more dangerous, and it’s in the national interest that 
we now put in place an upgraded set of arrangements 
for cooperation with the states and territories,” Mr 
Morrison said. “Within that, we will first be put in place 
here with NSW when lockdowns enter into more 
protracted situations.”
Mr Perrottet has also announced additional state 
support to both residential and commercial tenants as 
part of the announcement as well. The treasurer 
announced a land tax rebate to commercial landlords in 
a bid to stave off commercial evictions.
“We want to encourage retailers right across NSW to 
work with landlords to make sure that we all get 
through this difficult time together,” he said.
The state will also provide residential tenancy 
protections by ruling out any evictions for the next 60 
days for workers who have seen an income reduction of 
at least 25 per cent, and are “doing it tough”. The same 
land tax rebates will be made to residential landlords, 
too.
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