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Ronie

Ronie

Property Expert,

Some financial aid that government is providing to renters during COVID-19

9Mo ago 0 Replies 130 Views
The Federal Government’s recent announcement of a $130 billion support package for businesses and workers could help you if you’re a tenant struggling to pay rent this month.

As a result of COVID-19, many businesses have had to let go employees. Industries including hospitality, events and tourism have been hit hardest and many workers in those fields are either without work or have found themselves with reduced incomes.

There are several financial packages you could be eligible for to ensure you can pay rent on time.
1. JobKeeper allowance
This is the most recent support package announced by the Government and consists of a $1,500 fortnightly payment for eligible businesses over the next six months to help them to continue paying staff.
The Government has set in place the JobKeeper allowance to ensure that, as an employee, you still have a job once this difficult period is over. If the business you work for has been substantially impacted by coronavirus, it can apply for this wage subsidy.
Employees that are eligible for this payout must have been employed at 1 March 2020 and include:
Full-time workers
Part-time workers
Sole traders
Casuals who have been with their employer for at least 12 months
New Zealanders on 444 visas
The $1,500 fortnightly payment will be issued from the first week of May and will be backdated to today.
If employees have been stood down by their employer since 1 March, they remain eligible for these payments. 

2. JobSeeker allowance
If you have lost your job and don’t qualify for the JobKeeper payment, then you may be eligible for the JobSeeker allowance.
This is a fortnightly payment and the amount paid is dependent on your circumstances ranging from $510-$790.
You must be aged between 22 and pension age, your income and assets are under the test limits and you meet residence rules.
However, if you have reduced work, you might still be eligible. Generally, recipients can earn up to $104 every 2 weeks before payments will be reduced. 

3. Coronavirus Supplement
The Government will also pay an additional $550 per fortnight to those already on a support package throughout the next six months. So if you are already on the JobSeeker payment, then you will receive this $550 on top of your pre-existing payments.
This also applies to those on the following payments and will be put in place automatically:
Youth Allowance
Parenting Payment (Partnered and Single)
Austudy
ABSTUDY (Living Allowance)
Farm Household Allowance
Special Benefit recipients

4. Payments to support households
You could also be eligible for two separate one-off payments of $750.
These payments were introduced to help support households manage during the pandemic and will be paid automatically if you are already on a government payment, or are a concession cardholder.
It also aims to help those who may not be able to go to work if they are required to self-isolate or are caring for someone who is self-isolating.
These payments will be made automatically from 31 March, with the majority to receive the boost by 17 April.

5. Rent Assistance
This is an additional payment from the government to help with rental payments if you’re already receiving assistance, and this will happen automatically, so there’s no need to apply.
Make special note that this rent assistance doesn’t cover those living with their parents in a self-contained residence, which includes granny flats or caravans.
The amount you receive depends on how much rent you pay. There’s a minimum amount of rent you need to pay to get this assistance. For every $1 of rent you pay above this amount, you’ll get 75c, and you can’t get more than the maximum fortnightly amount of $139.60.

6. Utility provider support
With loss of income, you could be finding it difficult to pay for utilities including gas, electricity and water.
Phone your provider and ask for the customer assistance program; every provider is obliged to have this service and they can help you come up with a payment plan.
This means that you won’t be cut off from these household necessities during COVID-19.

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