Release type: Media Release

Date:

New Enterprise Incentive Scheme participants able to access Coronavirus supplement

Ministers:

Senator the Hon Michaelia Cash
Minister for Employment, Skills, Small and Family Business

The Government has announced the Coronavirus Supplement as part of its economic plan to support Australian households and businesses.

The Coronavirus Supplement is available to existing and new recipients of eligible income support payments from 27 April 2020. Further information about eligibility for the Supplement can be found on the Services Australia website.

New Enterprise Incentive Scheme (NEIS) participants can now choose to access the Coronavirus Supplement if they are in receipt of an eligible income support payment. This option will be available to both existing and new NEIS participants.

NEIS supports people to create their own job by starting a small business. In particular, NEIS assists people to develop a range of new business skills and maximise new opportunities in areas that have demand for goods and services during these changing economic times.

NEIS providers are assisting their participants throughout these difficult times and will work with each NEIS participant to determine the best arrangements for their business in relation to accessing the Coronavirus Supplement.

For more information on how to apply NEIS participants should contact their provider or visit here.