If you are an individual who has been affected by the lockdown across Australia, you may be entitled to up to $750 per week from the Federal Government to assist you during the Covid outbreak.
Lost Work Hours
The amount that you are eligible to receive is determined on the number of hours that you have lost from working for your employer. There are three different payment rates depending on the number of hours that you have lost per week.
The payment that you are eligible to receive is very similar to the JobKeeper payments however this is different as it is based on an individual’s decrease in hours rather than your employer's decrease in income.
To determine what amount you could be entitled to receive, you must first determine your eligibility. To receive this payment an individual must:
be at least 17 years old,
be an Australian resident or a holder of a visa class permitted to work in Australia,
reside or work in, or have visited, an area subject to a state public health order for a lockdown and which has been determined by the Commonwealth Chief Medical Officer to be a COVID-19 hotspot (or in another area outside of the hotspot where the state or territory government has agreed to fund the payment),
be unable to work and have lost income because of the lockdown,
not be receiving a state pandemic payment, the Pandemic Leave Disaster Payment (PLDP) or a state small business payment for the same lockdown period, and
have insufficient pandemic-related leave entitlements.
If you meet the eligibility requirements, the amount that you are eligible to receive is determined on the number of hours that have been reduced during the lockdown and if you are receiving other income from the Federal Government.
The payment rates are:
$200 per week for those in receipt of an income support payment (such as JobSeeker or the pension) who lost 8 or more hours of work per week or a full day of their usual hours per week (what the person was scheduled to work including shifts of less than eight hours) as a result of the lockdown.
$450 for those who lost between eight and less than 20 hours of work per week or a full day of their usual work hours per week as a result of the lockdown, or
$750 for those who lost 20 hours or more of work as a result of the lockdown.
The Federal government has stated that any amount received form these payments will not be taxable income and will be tax free so you will not need to declare them in your future tax returns.
To receive the payment, you must make the claim online. You’ll need a myGov account linked to a Centrelink online account and will need to enter in your employer's ABN along with the hours lost as well as some other personal information.
May Klye and Associates specialise in advising individual taxpayers on what income needs to be declared and what expenses are available to be claimed. If you need some advice, call us on 03 9585 7555 or email email@example.com