‘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.
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.
