Government resources & updates
COVID-19 support for South Australians
The Federal and South Australian government have announced income support payments of up to $600 a week for South Australians affected by COVID restrictions.
Individuals will be eligible for the COVID-19 Disaster Payment if they have lost between 8 and less than 20 hours of work for a payment of $375, and for 20 or more hours of work for a payment of $600, during the period of the lockdown. There will be no liquid assets test applied to eligibility for these payments.
The payments will be paid in arrears for the lockdown and anyone affected can apply through myGov from Wednesday, 28 July.
To get ready, South Australians should set up myGov accounts now so they can claim quickly and easily online.
The Federal, NSW and Victorian Governments Business and Individual Support Package
The Federal, NSW and Victorian Governments have announced the COVID-19 Disaster Payment will be further expanded and increased to support individuals and businesses impacted by the current NSW and VIC COVID-19 lockdown.
Government Pandemic Leave Disaster Payment
The Government announced a Pandemic Leave Disaster Payment for those who need to self-isolate, quarantine or care for someone. Payments are available for people who can’t earn an income because they have been directed to self-isolate or quarantine by authorised personnel. Details depend on the jurisdiction and lockdown orders in place.
This payment is available from 1 July 2021.
COVID-19 Business Support Grants for NSW
The NSW Government announced an economic support package aimed at helping businesses impacted by the COVID-19 lockdown.
Further information on the grant, the eligibility criteria, and how to apply, can be found on the NSW Government website.
Key components of the 2021 COVID-19 package include:
- COVID-19 business grant: if you’re a business, sole trader or not-for-profit organisation impacted by the current Greater Sydney COVID-19 restrictions, you may be able to apply for a grant of up to $15,000 from 19 July 2021.
- Micro business grant: if you’re a micro business (small business or sole trader with annual turnover of more than $30,000 and under $75,000) impacted by the current Greater Sydney COVID-19 restrictions, you may be able to apply for a grant of up to $1500 from late July 2021.
Other components of the support package include:
- Payroll tax waivers of 25% for businesses with Australian wages of between $1.2 million and $10 million that have experienced a 30% decline in turnover, as well as payroll tax deferrals and interest free repayment plans;
- A capped grant of up to $1500 for residential landlords who are not liable to pay land tax who reduce rent for tenants estimated at $210 million;
- Land tax relief equal to the value of rent reductions provided by commercial, retail and residential landlords to financially distressed tenants, up to 100% of the 2021 land tax year liability;
- Introduction of legislative amendments to ensure a short-term eviction moratorium for rental arrears where a residential tenant suffers loss of income of 25 per cent due to COVID-19 and meets a range of criteria;
- No recovery of security bonds, or lockouts or evictions of impacted retail and commercial tenants prior to mediation;
- Deferral of gaming tax assessments for clubs until 21 December 2021 and hotels until 21 January 2021.
COVID-19 Business Support Grants for VIC
The Victorian Government announced new cash grants for businesses impacted by the COVID-19 lockdown.
Further information on the grant, the eligibility criteria, and how to apply, can be found on the Victorian Government website.
Coronavirus Australia and COVIDSafe apps
The Federal Government has launched the official government Coronavirus Australia app in 2020, which is available in the Apple App Store or Google Play. You can also join the official WhatsApp channel on iOS or Android.
The Coronavirus Australia app includes information on how to test your symptoms, register isolation and check the status of confirmed cases in Australia and more.
The Federal Government have also launched the COVIDSafe app to help find and contain outbreaks of coronavirus quickly.
Government agreements for commercial and residential tenants
The Federal Government has encouraged landlords, tenants and financial institutions to sit down and find ways that businesses can start again once the initial impacts of the virus have subsided. See commercial leasing principles agreed to by the Federal Government and continue to speak to your landlord to try and work on measures to help you both during this time.
- Visit the Department of Health for health information
- Check out Australian Border Force or Home Affairs website for travel information
- Visit the Treasury for the Australian Government’s Economic Response
State Government benefits and support for businesses:
Things you should know
1 Credit provided by the Commonwealth Bank of Australia. These products are only available to approved business customers and for business purposes only. Applications for finance are subject to the Bank's eligibility and suitability criteria and normal credit approval processes. View our Current Terms and Conditions for Business Finance, Financial Services Guide and Business Transaction Account terms and conditions and consider them before making any decision about these products. Rates are subject to change. For current interest rates, visit business banking rates and fees. Fees, charges and Terms & Conditions apply.
2 Customers eligible to apply for a loan repayment deferral include any CommBank business customer who holds a BetterBusiness Loan with less than $10,000,000 of total commercial liabilities with CommBank. Loan repayment deferrals are offered at the final discretion of the bank. These products are only available to approved business customers and for business purposes only. Applications for finance are subject to the Bank’s eligibility and suitability criteria and normal credit approval processes. Applications for finance are subject to the Bank’s eligibility and suitability criteria and normal credit approval processes. View our current Terms and Conditions for Business Finance and consider them before making any decision about these products. For current interest rates, visit Business banking rates and fees.
3 Customers need to meet Government SME Recovery Scheme eligibility criteria: small to medium sized businesses with up to $250 million turnover, including those self-employed, and not-for-profits; must have an Australian Business Number (ABN); available to current and new CommBank business customers. This offer cannot be used to purchase residential property or financial products or to provide loans to associated entities. These products are only available to approved business customers and for business purposes only. Applications for finance are subject to the Bank’s eligibility and suitability criteria and normal credit approval processes. View our current Terms and Conditions for Business Finance and consider them before making any decision about these products. For current interest rates, visit Business banking rates and fees.
4 “Recent Floods” means the flooding that occurred in March 2021 in the Flood Affected Local Government Areas. “Flood Affected Local Government Area” means a flood affected local government area as published on the Department of the Treasury website and updated by the Commonwealth from time to time for the purposes of the Scheme.
The statements and content of this fact sheet have been sourced from various government publications and summarised. CommBank disclaims, to the extent permitted by law, all warranties, representations or endorsements, express or implied, with regard to the material and does not accept any liability in relation to the quality, operability or accuracy of the material.
Keep banking with us
Mobile Phone (Digital Wallet) compatibility: You can use CommBank Debit Mastercard, personal and business credit cards, and Visa Business Debit card. If you are an additional cardholder, you can use a CommBank credit card if it’s Mastercard branded. Visa credit cards issued to additional cardholders may be eligible, however, a transaction limit of $100 will apply.
Card payments: Contactless in store: also available with: Travel Money Card, Corporate Credit cards and Keycard where the contactless indicator is displayed on the card. Online purchases: also available on Travel Money Card and Corporate Credit cards.
PayID: View full terms and conditions.