South Australian Premier Steven Marshall announced on Tuesday the entire state would be in lockdown from 6pm on Tuesday 20th July 2021, for the next seven days, with only five lawful reasons for residents to leave home.
Adelaide and surrounds have been declared a coronavirus 'hotspot' by Australia's Chief Medical Officer. This declaration triggers, depending on eligibility criteria, income support payments of up to $600-a-week for individuals across the State.
If you work or live in a declared area the Commonwealth will provide income support. People who live or work outside a declared hot-spot area will received income support from the State Government.
The following summarises the new financial support measures that have been announced for businesses and individuals in South Australia.
BUSINESSES
South Australian small and medium-sized businesses forced to close as a result of the state's lockdown may be eligible for a COVID-19 Business Support Grant. The emergency cash grant is either $3,000 for businesses who employ people or $1,000 for sole traders (no employees).
Applications for the grant are expected to open within the next two weeks via the SA Treasury website. You can fill in a form to receive a notification from SA Government once applications are open for submission.
It is expected that microbusinesses not registered for GST will be eligible for the COVID-19 Disaster Payment of $600/$375 per seven-day period. The South Australian Government is seeking confirmation with the Commonwealth Government due to the co-payment nature.
INDIVIDUALS
The COVID-19 Disaster Payment co-funded by the Federal or SA government scheme depending on local area, individuals who have lost between eight and less than 20 hours of work will be eligible for $375-a-week Covid-19 Disaster Payments, just like in Victoria and New South Wales. For workers who have lost 20 hours or more, they will be entitled to subsidies of $600 a week during the period of the lockdown.
Claims for the COVID-19 Disaster Payment for South Australians (outside the declared hotspots) are expected to open on 28 July 2021.
LEGAL
Liability limited by a scheme approved under Professional Standards Legislation.
Investngro Pty Ltd ABN 53 113 102 695 trading as Murray Nankivell Financial Planning, is an authorised representative of Count Financial Limited ABN 19 001 974 625 holder of Australian financial services licence number 227232 (“Count”). Count is owned by Count Limited ABN 111 26 990 832 of GPO Box 1453, Sydney NSW 2001. Count Limited is listed on the Australian Stock Exchange. Any taxation and accounting services are provided by Murray Nankivell and are not within the authority Count. The information on this web site is not financial product advice and is provided for information only.