COVID-19 disaster payment – do you qualify?
- Is available for eligible workers who are unable to go to work or have lost income due to the lockdown and do not already have access to paid leave.
- You need to be living in a hotspot. Additionally, the payment is only accessible if the hotspot triggering the lockdown lasts more than 7 days, declared by the Chief Medical Officer.
- The last criteria to be eligible is that you must have less than $10,000 of liquid assets
The payment is:
- Those eligible for the payment with receive $500 if they’ve lost 20 hours or more of work, and $325 if they’ve lost less than 20 hours of work.
- Note: that this payment does not include the first week of the lockdown.
The pandemic leave disaster payment – Who is eligible?
The payment is for people who have been advised by their relevant health authority that they need to self-isolate or quarantine because:
- You have COVID-19
- You are a close contact of someone with COVID-19
- You care for a child, 16 years old or younger, who has COVID-19
- You care for a child, 16 years old or younger, who is a close contact of someone with COVID-19
You may also qualify if you are the carer of someone who is impacted.
If you are eligible for the payment:
- You will receive $1,500 for each 14 day period that you have been told to self-isolate or quarantine, or have been caring for someone with COVID-19.
- The pandemic leave disaster payment will need to be included in your taxable income (is not tax free)
For more information or assistance please contact Infinite Accounting Solutions on 02 9899 4730 or via the contact page at www.ias-ca.com.au