Australians who lose work due to lockdowns can now claim $600 a week after seven days - and wage subsidies will kick in after 14 days By Charlie Moore, Political Reporter For Daily Mail Australia Published: 06:18 BST, 15 July 2021 | Updated: 06:25 BST, 15 July 2021 Viewcomments Australians who lose work due to Covid-19 lockdowns can now claim up to $600 a week after seven days. Previously the Covid disaster payment allowed residents in a hotspot to claim $500 for each of the first two weeks and $600 from the third week of lockdown. A $10,000 liquid assets test has been removed to allow anyone to access the payment regardless of how much they have saved. Previously the Covid disaster payment allowed residents in a hotspot to claim $500 for each of the first two weeks and $600 from the third week of lockdown Residents in a Commonwealth-defined hotspot who lose 20 hours a week can claim $600 and those who lose between eight and 20 hours can claim $375. A 40 per cent wage subsidy scheme - announced in NSW on Tuesday - for will also kick in after 14 days of lock down for other states and territories who need may it. The payment will be 40 per cent of a company's weekly wage bill per week, up to a maximum of $10,000. Companies must show their revenue is 30 per cent lower than an equivalent two week period in 2019 to qualify. What are the main financial supports available in lockdown? Workers Residents in a Commonwealth-defined hotspot who lose 20 hours a week can claim $600 and those who lose between eight and 20 hours can claim $375. * States may fund any payments outside a Commonwealth declared hotspot, with the Commonwealth continuing to fund payments to recipients in a Commonwealth declared hotspot. Business * A new business support payment will also be available to entities with an annual turnover between $75,000 and $50 million who can demonstrate a 30 per cent decline in turnover. * To receive the payment, eligible entities will be required to maintain their full time, part time and long term casual staffing level as of July 13. * Eligible entities, which includes not-for-profits, will receive payments of between $1500 and $10,000 per week based on the level of their payroll. * For non-employing businesses, such as sole traders, the payment will be set at $1,000 per week. Advertisement Share or comment on this article: All rights reserved for this news site (dailymail) and under his responsibility