TIWN
Sydney, July 13 (TIWN) The government of Australia's New South Wales (NSW) on Tuesday announced an economic support package worth over A$5 billion, aiming to help businesses and people across the state amid the current Covid-19 lockdown.
The commitment will be up to A$5.1 billion, including the funding from the Commonwealth as part of a business and employee support program, reports Xinhua news agency. The business grants program announced two weeks ago has been expanded, with grants between A$7,500 and A$15,000 available to eligible businesses. Thousands of employees will also be protected with NSW committing a new business and employee support program to be delivered together with the federal government. Residential tenants will have greater protection with a targeted eviction moratorium, and residential landlords who decrease rent for impacted tenants can apply for a grant or land tax reductions depending on their circumstances. NSW Premier Gladys Berejiklian said the package has three key aims - protecting business, saving and keeping jobs through the lockdown, and ensuring people had support during an uncertain and difficult time.
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