Aug 11, 2021

COVID-19 Disaster payment

If you have had your hours of work reduced due to compulsory COVID-19 lockdown restrictions, you will be able to apply for tax-free COVID-19 Disaster Payments.

This weekly payment varies depending on the number of hours you’ve lost.

Up until 30 July 2021, if you lost 8 to 20 hours of work per week, you may be eligible to receive up to $375 each week. If you lost 20 or more hours of work per week, you may be eligible to receive up to $600 each week.

Starting from the week beginning 2 August 2021, the Federal Government has increased these payments.

This means that if you have lost 8 to 20 hours of work per week you may be eligible to receive $450 each week. If you have lost 20 or more hours of work per week, you may be eligible to receive $750 each week.

Who is eligible for the Disaster Payment?

To be eligible for the Disaster Payment you must have lost income and not be entitled to any employer leave entitlements such as pandemic sick leave, personal leave or leave to care for another person. Also, you must:

  • be an Australian resident or hold a visa that allows you to work in Australia,
  • be at least 17 years old,
  • not be receiving an income support payment from Centrelink, ABSTUDY Living Allowance, Dad and Partner Pay or Parental Leave Pay,
  • not be in receipt of the $1,500 Pandemic Leave Disaster Payment or state or territory pandemic payment or small business payment for the same period.

Extra $200 weekly payment available for some income support payments

If you currently receive income support from the government such as the Jobseeker Payment, Widow Allowance, Age Pension, Disability Pension, Carer Pension you will receive an extra weekly payment of $200 if you have lost more than 8 hours of work and meet eligibility requirements for the COVID-19 Disaster Payment.

Pandemic Leave Disaster Payment

If you cannot work due to self-isolation or quarantine obligations due to COVID-19 compulsory lockdown restrictions or you cannot work due to caring for someone with COVID-19 you may be eligible for a lump sum payment of $1,500.

This taxable lump sum payment is for each compulsory 14-day period of self-isolation, quarantine or care period you provide for someone with COVID-19.

This is available if you’ve been instructed not to work by a health official if you:

  • have COVID-19,
  • have been in close contact with someone with COVID-19,
  • are caring for a child 16 years or under who has COVID-19 or has been in close contact with a person who has COVID-19.

To receive the Pandemic Leave Disaster Payment you must:

  • be at least 17 years old,
  • be an Australian resident or hold a visa that allows you to work in Australia,
  • be unable to go to work and earn an income,
  • have no leave entitlements including pandemic sick leave, personal leave or leave to care for another person.

For more details on specific state-based eligibility requirements such as the quarantine period which can vary from state to state see Services Australia – Pandemic Leave Disaster Payment.

State specific support

There are many state specific schemes to assist you if you’re impacted by COVID-19 restrictions. To find out more please visit state-specific Government websites (click on the relevant state for further information):

Australian Capital Territory
New South Wales
Northern Territory

Queensland
South Australia
Tasmania

Victoria
Western Australia

Looking after yourself during the COVID-19 pandemic lockdowns

If you are feeling financial stress during the COVID-19 lockdowns, please contact us to discuss how we can help.

The Government has also released additional support for people experiencing mental health impacts due to the COVID-19 pandemic. For more information refer to the Department of Health webpage Looking after your mental health during coronavirus (COVID-19) restrictions.

 

 

 

The information provided is general in nature. It has been prepared without taking into account any of your individual objectives, financial situation or needs. Before acting on this information you should consider the appropriateness of the information, having regard to your own objectives, financial situation and needs. This publication is prepared by IOOF for: Bridges Financial Services Pty Limited ABN 60 003 474 977 AFSL 240837, Consultum Financial Advisers Pty Ltd ABN 65 006 373 995 AFSL 230323, Financial Services Partners Pty Ltd ABN 15 089 512 587 AFSL 237 590, Lonsdale Financial Group Ltd ABN 76 006 637 225 AFSL 246934, Millennium3 Financial Services Pty Ltd ABN 61 094 529 987 AFSL 244252, RI Advice Group Pty Ltd ABN 23 001 774 125 AFSL 238429, Shadforth Financial Group Ltd ABN 27 127 508 472 AFSL 318613 (‘Advice Licensees’). This publication is not available for distribution outside Australia and may not be passed on to any third person without the prior written consent of the Advice Licensees. These measures may be subject to change by the relevant Government and or regulatory authority(ies) without notice and, accordingly, may not be as represented here as at this date of publication. Also the information is based on our understanding of the proposed changes as at the date of issue of this document. Accordingly, you must not do or refrain from doing anything in reliance on this information without obtaining suitable professional advice.