There were some BIG announcements yesterday that are going to affect everyone, and especially those running businesses or who are self-employed.
The government are really doubling down on support, so I wanted to detail what’s available to you right now.
Sole Traders
As a sole trader, you will now be eligible to access Job Seeker payments through Centrelink if you have been financially impacted by coronavirus. You may be eligible for up to $550.00 per week which includes $550 for Job Seeker payments and $550.00 Coronavirus Relief payment (exact amount depends on your family dynamic, and the amount to which your work has been impacted by Coronavirus). This will be available to sole traders for 6 months and should be applied for on the Centrelink website.
You must continue your business to be eligible (even if you don’t have any work).
You may also be eligible for additional payments like rent assistance, as well as potentially accessing some of your Super to assist financially.
Here are some reliable, detailed links for further info:
https://treasury.gov.au/sites/default/files/2020-03/Fact_sheet-Income_Support_for_Individuals.pdf
https://www.dss.gov.au/about-the-department/coronavirus-information-and-support
https://www.servicesaustralia.gov.au/individuals/services/centrelink/jobseeker-payment/how-much-you-can-get
Stay positive out there everyone, this too shall pass.
In love, health creativity, and global collaboration,
Pru
Please SHARE this with anyone you know that it could help. We all need to work together right now, and having fast access to this information could save a friend their livelihood.