COVID-19 Support (March 2022)
Find out what financial support you could access
You can use the COVID-19 financial support tool to find out what financial help may be available to you.
COVID-19 Support Payment for businesses
The targeted COVID-19 Support Payment (CSP) is available for businesses struggling with revenue during the Omicron outbreak. The CSP is a payment to help support viable and ongoing businesses or organisations which have experienced a 40% or more drop in revenue due to COVID-19 circumstances.
- Applications for the first payment are open from 28 February 2022 for the period beginning 16 February 2022 and ending 4 April 2022
- Applications for the second payment are open from 14 March 2022 for the period beginning 7 March 2022 and ending 4 April 2022
- Applications for the third payment are open from 28 March 2022 for the period beginning 21 March 2022 and ending 4 April 2022
Applications for all 3 CSP's close 5 May 2022.
If you need to get a COVID-19 test
If you or someone in your household are waiting for a COVID-19 test result and need to stay home, you may be eligible for the COVID-19 Short-Term Absence Payment. If you cannot work from home, your employer can apply to help pay you. You can also apply if you are self-employed. Your employer can get a one-off payment of $359.
If you need to self-isolate
If you cannot work from home while you are self-isolating, you may be eligible for the COVID-19 Leave Support Scheme. Your employer needs to apply for you. You can also apply if you are self-employed. You may also be eligible for the scheme if you or someone you care for is at higher risk of severe illness from COVID-19. Your employer can get $600 per week if you work full time, and $359 per week if you work part time to pass on to you.
COVID-19 Small Business Cashflow Scheme (SBCS)
The Small Business Cashflow Scheme (SBCS) was introduced to support small to medium businesses and organisations struggling with a loss of actual revenue due to COVID-19. Applications are open until 31 December 2023.
In February 2022, the Government announced that the SBCS base loan would be increasing to $20,000 (from $10,000). This means that for new loans the amount that can be borrowed will be $20,000, plus $1,800 per full-time equivalent employee (up to 50 employees). The loan repayment period remains 5 years (60 months).
Existing borrowers will also benefit from this change as they will be able to apply for a top up loan of $10,000, plus any amount they were eligible for but did not take in their initial loan. This will be open for applications from 21 March 2022.
The first 2 years of existing and new loans will be interest-free provided the loan is not in default. Interest will apply at a rate of 3% per year on the remaining loan balance from the first day of the third year of the loan period.
This change will take effect from 21 March 2022.Back