Workers who normally work more than 20 hours a week will receive $500, while those who work less than that will receive $325. 

The payment is available to Australian residents and people who are permitted to work in Australia. 

The worker must live or work in a Commonwealth defined hot spot and must be unable to attend work due to COVID restrictions, with these guidelines also applying to people classified as close contacts. 

Mr Morrison said workers who are receiving other Federal Government fiscal support are ineligible for the payment. 

"If you are already receiving support from the Social Security system, on JobSeeker, where we have relaxed the rules around JobSeeker, you're getting your support through that channel," Mr Morrison said.

"The person must accept and acknowledge that they meet the above criteria with the possibility of retrospective compliance activity, as you would expect as we apply in all of these circumstances."

Need somewhere to store cash and earn interest? The table below features introductory savings accounts with some of the highest interest rates on the market.

Provider

4000$product[$field["value"]]$product[$field["value"]]$product[$field["value"]]More details
  • A high-interest online savings account with no monthly fees, easy withdrawals and award-winning digital banking
  • No withdrawal notice periods or interest rate penalties
  • Save up to 10% on eGift cards at over 50 retailers with Macquarie Marketplace
Disclosure

Macquarie Savings Account (<$250k)

  • A high-interest online savings account with no monthly fees, easy withdrawals and award-winning digital banking
  • No withdrawal notice periods or interest rate penalties
  • Save up to 10% on eGift cards at over 50 retailers with Macquarie Marketplace
Disclosure
4001$product[$field["value"]]$product[$field["value"]]$product[$field["value"]]More details
  • Bonus rate for the first 4 months from account opening
  • No account keeping fees
  • No minimum balance
Disclosure

Rabobank High Interest Savings Account (<$250k)

  • Bonus rate for the first 4 months from account opening
  • No account keeping fees
  • No minimum balance
Disclosure
000$product[$field["value"]]$product[$field["value"]]$product[$field["value"]]More details
  • Deposit $500 per month to get bonus interest
  • 5.50% p.a. available on total savings up to $100k.
  • 5.00% p.a. applies to savings between $100k-250K.
  • Tiered bonus rates apply. (TMDs at ubank.com.au)
Disclosure

Save Account

  • Deposit $500 per month to get bonus interest
  • 5.50% p.a. available on total savings up to $100k.
  • 5.00% p.a. applies to savings between $100k-250K.
  • Tiered bonus rates apply. (TMDs at ubank.com.au)
Disclosure
400$product[$field["value"]]$product[$field["value"]]$product[$field["value"]]More details

Savings Accelerator

    02501$product[$field["value"]]$product[$field["value"]]$product[$field["value"]]More details
    • $0 monthly account fee
    • Grow your balance by $250 each month to qualify for bonus interest
    • Bonus Interest Tracker via the app
    Disclosure

    Future Saver

    • $0 monthly account fee
    • Grow your balance by $250 each month to qualify for bonus interest
    • Bonus Interest Tracker via the app
    Disclosure
    Important Information and Comparison Rate Warning

    All products with a link to a product provider’s website have a commercial marketing relationship between us and these providers. These products may appear prominently and first within the search tables regardless of their attributes and may include products marked as promoted, featured or sponsored. The link to a product provider’s website will allow you to get more information or apply for the product. By de-selecting “Show online partners only” additional non-commercialised products may be displayed and re-sorted at the top of the table. For more information on how we’ve selected these “Sponsored”, “Featured” and “Promoted” products, the products we compare, how we make money, and other important information about our service, please click here. Rates correct as of September 17, 2024. View disclaimer.

    Important Information and Comparison Rate Warning

    More to come...

    Picture source: Twitter