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On this episode of The nestegg Podcast, host Maja Garaca Djurdjevic and three experts discuss the ongoing NSW lockdown, the ins and outs of the COVID-19 Disaster Payments, and how Brisbane’s successful Olympics bid could impact equities and property.

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Steve Waters, director of Right Property Group, chats about the impact of the lockdowns on the property market, what the 2032 Olympics could mean for Brisbane’s market, and whether APRA might need to pull the handbrake to cool house price growth.

RMIT’s senior lecturer of finance, Dr Angel Zhong, delves into how the Olympics and other major events affect stock returns and what the implications are for investors.

And lastly, tax and super guru Timothy Munro talks about the near-record super returns, the COVID-19 Disaster Payments and what they mean for your super.

Have a question for our experts? Get in touch at [email protected] and you might get featured on the next episode.

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NSW Dine & Discover extended to August, takeaway now included

By Fergus Halliday

June 30 2021
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NSW Dine & Discover extended to August, takeaway now included

By Fergus Halliday
June 30 2021

NSW’s stimulus voucher program is getting extended and expanded following Sydney’s latest lockdown.

NSW Dine & Discover extended to August, takeaway now included

By Fergus Halliday

June 30 2021
Share

NSW’s stimulus voucher program is getting extended and expanded following Sydney’s latest lockdown.

The NSW state government’s Dine & Discover scheme is being extended for a second time.

With Sydney entering a two-week lockdown, the state government has decided to push back the expiry date for the Dine & Discover voucher program to run until the end of August.

The program, which provides NSW citizens with a number of vouchers that can be used to pay for dining and other experiences, was introduced earlier this year with the goal of helping stimulate the state’s small businesses.

Dine & Discover vouchers were originally set to end in June 2021, but this timeline was extended to July after it was reported that less than half of the allocated vouchers had been redeemed.

The extension of the initiative also comes with a key expansion.

According to the state government, “Dine & Discover vouchers will be able to be used for takeaway from eligible and registered Dine businesses during the restriction period, but food must be delivered direct to the home by the restaurant or café and not picked up. Dine & Discover vouchers cannot be redeemed for takeaway using third-party delivery platforms.”

The move was announced alongside a number of other state-led initiatives, such as the Hospitality and Tourism COVID-19 Support Grant and the Small Business COVID-19 Support Grant.

According to NSW Treasuer Dominic Perrottet, “The NSW economy rebounded strongly from the challenges of 2020, and we’re taking action to ensure we keep that going. We are deploying our fiscal firepower when it matters, by helping small businesses stay in business and keep people in jobs.”

“Once again we are delivering timely and targeted support to keep businesses in business and people in jobs as we work together to overcome this latest challenge.”

Earlier this month, NSW’s Minister for Digital and Customer Service, Victor Dominello, revealed that “more than $105 million has been spent directly in registered business regionally compared to almost $200 million in establishments in Sydney”.

“Targeted stimulus is smart stimulus when helping communities and citizens battle back from a pandemic, and Dine & Discover has been able to support a wide range of businesses and industries,” Mr Dominello said.

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About the author

Fergus Halliday

Fergus is a journalist for Momentum Media's nestegg and Smart Property Investment. He likes to write about money, markets, how innovation is changing the financial landscape and how younger consumers can achieve their goals in unpredictable times.

About the author

Fergus Halliday

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