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‘A vital lifeline’: Major banks pledge support for extended lockdown payments

Major banks around Australia have welcomed government support in the wake of extended lockdowns.

‘A vital lifeline’: Major banks pledge support for extended lockdown payments
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  • Shared by Investor Daily
  • July 30, 2021
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With Greater Sydney now facing an extended four-week lockdown period, the government confirmed this week that in NSW eligible entities including not-for-profits will receive payments between $1,500 and $100,000 per week based on the level of their payroll with the maximum turnover threshold increased from $50 million to $250 million.

Read more at Investor Daily.

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