Australia
COVID-19 Disaster Payment to be phased out
30 September 2021 | Minutes to read: < 1

COVID-19 Disaster Payment to be phased out

By Blake Scheffers

The Federal Government has officially announced its plan to transition away from the COVID-19 Disaster Payment as states reach their vaccination targets.

The changes are as follows:

70% Vaccination Rate (16 years and older)

  • The payment will cease to automatically renew. Individuals must reapply each week to confirm their eligibility.
  • Payment amounts remain the same.

80% Vaccination Rate (16 years and older)

  • The payment will step down over two weeks from the first week after the target is reached.

Week 1:

  • Flat payment of $450 for those who have lost more than 8 hours of work.
  • The supplement for those on income support decreases to $100 from $200 currently.

Week 2:

  • Flat payment of $320 (same as JobSeeker) for those who have lost more than 8 hours of work.
  • The supplement for those on income support is removed.

After the two-week phase out, individuals will need to look at other social security payments if necessary.

The Pandemic Leave Disaster Payment remains in place until 30 June 2022. This payment provides support for individuals if they can’t earn an income because they must self-isolate, quarantine, or are caring for someone with COVID-19.

These changes are regardless of whether a state remains in lockdown or still has significant restrictions in place.

Contact your local William Buck advisor if you or your employees are impacted by these changes.

COVID-19 Disaster Payment to be phased out

Blake Scheffers

Blake is a Tax Consultant in our Tax division. Blake builds strong relationships to provide the best solution for his clients. Blake provides tax advisory services to SMEs/family owned businesses and larger privately owned companies including on capital gains tax, business structuring and restructuring, Division 7A and employee share schemes. He has been a key adviser in assisting businesses access vital COVID-19 government support, staying at the forefront of latest developments to help clients manage through the pandemic. Blake’s previous experience in our business advisory division provides him with a valuable understanding of businesses to ensure practical solutions can be found.

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