What You Need to Know About the Enhanced Job Support Scheme (JSS) and Rental Support Scheme (RSS)

More support for sectors impacted by
COVID-19 restrictions

Wage Support

The Job Support Scheme (JSS) was first introduced in Budget 2020 to help retain jobs by subsidising the salaries of those working in sectors that were heavily impacted by the pandemic.

In May 2021, it was updated that the JSS will include increased wage subsidies of 50% (up from the previous 10%). This will be in place for the performing arts and arts education, food and beverage, and sports sectors.

Other sectors that were not required to suspend their business, but were heavily affected such as retail, cinema, museum and galleries, family entertainment centres and affected personal care services have increased wage support of 30%.

Rental Relief Framework

Additionally, there will be additional rent waivers under the Rental Relief Framework for small and medium enterprises (SMEs) and non-profit organisations with an annual revenue of not more than $100 million, that are tenants of commercial properties.

Let your business Sprout!

Incorporate your business with Sprout, engage us for your secretarial needs and we will help you stay up to date with these support schemes.

These are tumultuous times for many individuals and businesses but Sprout is happy to guide you through this period. Do reach out if you have any questions!

 
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More questions?

Schedule a call with Sprout for a complementary consultation. We can provide insights on how we can add value by providing more insight into your business' financial performance and cash flow, allowing you to make better decisions.

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