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COVID-19 financial assistance

Government support if you're impacted by coronavirus

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Financial support is available to help you manage the affects of the coronavirus (COVID-19).

JobKeeper Payment

The JobKeeper Payment helps businesses to keep people in their jobs so they can earn an income, even if their hours have been cut.

Eligible businesses (including people who are self-employed) can access $1,000 a fortnight from 4 January to 28 March 2021 to pay eligible employees (or $650 a fortnight if they worked less than 20 hours a week).

Your employer will notify you if you're receiving the JobKeeper Payment. Most employees won't need to do anything, except:

For information on eligibility and how businesses can apply, visit The Treasury website.

JobSeeker and other income support payments

You'll receive a fortnightly $150 coronavirus supplement until 31 March 2021 if you’re getting:

During this period, JobSeeker recipients will also be able to earn up to $300 a fortnight before it reduces their payments.

You can also apply for a crisis payment if you need to self-isolate, are in severe financial hardship and you can get an income support payment.

For more information, visit the Services Australia website.

Economic support payments

If you get an eligible Centrelink payment or concession card, you may receive two payments of $250 as part of the COVID-19 stimulus. The first payment is due from December 2020. The second payment in March 2021. 

The Services Australia website has more information.

Reduced drawdown and deeming rates for retirees

Drawdown rate for account-based pensions

If you have an account-based pension or a similar product, reduced drawdown rates will apply for 2019-20 and 2020-21. This will reduce your need to sell investment assets to fund minimum drawdown requirements.

Find the reduced drawdown rates for account-based pensions.

Deeming rates for the Age Pension and income support

From 1 May 2020, the upper deeming rate will be 2.25 per cent and the lower deeming rate will be 0.25 per cent.

For more information visit The Treasury website.

HomeBuilder grant

HomeBuilder gives eligible owner-occupiers, including first home buyers, a grant to build a new home or substantially renovate an existing home.

HomeBuilder grants include:

Construction must start within 6 months of signing the contract.

For information on eligibility and how to apply, visit The Treasury website.

COVID-19 support in your state or territory

Your state or territory government can also help you find support during the coronavirus (COVID-19) pandemic.

Australian Capital Territory

New South Wales

Northern Territory

South Australia

Western Australia

Financial support for businesses

To help financially distressed businesses, the Government will:

For more information and other financial support in your state or territory, visit business.gov.au

Emergency, crisis and legal support

There are free services to help you with food, housing and bills. See urgent help with money.

You can access to free legal advice and support if you need it: