Australian Government’s Economic Response to COVID-19 – Income Support for Individuals, Sole Traders & Self Employed

Income Support for Individuals & Households

The Government is providing support for individuals to assist them during the next six months.

The Government is providing 2 separate payments of $750.00 to social security, veteran and other income support recipients and eligible concession card holders.  The first payment will be anytime from 12 March 2020 to 13 April 2020.  The second payment will be made on 10^th July 2020.

For more information refer to the Payment to Support Households Fact Sheet from Treasury.gov.au

 

Income Support for Sole Traders and Self Employed

If a sole trader or self employed person who is impacted by the economic downturn triggered by the coronavirus they will be able to access the job seeker payment and the coronavirus supplement.

Applicants will make a declaration to Centrelink via the Job Seeker payment scheme, to declare that their business has been suspended or had a turnover reduced significantly as a result of the downturn.  Sole traders that become eligible for the Jobseeker Payment will automatically meet their mutual obligation requirements during this period by continuing to develop and sustain their business.

For more information refer to the Income Support for Individuals Fact Sheet from Treasury.gov.au

back