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On this episode of The nestegg Podcast, host Maja Garaca Djurdjevic and three experts discuss the latest in equities, property investing and super.

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Steve Waters, director of Right Property Group, chats about the subdued April price growth and how prices are predicted to move for the remainder of the year.

RMIT’s senior lecturer of finance, Dr Angel Zhong, talks about the Biden climate summit and impacts on the Australian sharemarket, as well as the possibility of a carbon border tax and what it means.

And lastly, tax and super guru Timothy Munro gives his thoughts on the overhaul of the superannuation performance test and the upcoming budget.

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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Cash payments for COVID-19 test-takers

By Grace Ormsby

July 23 2020
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Cash payments for COVID-19 test-takers

By Grace Ormsby
July 23 2020

The Victorian government has indicated that it will provide workers who are required to isolate after taking a COVID-19 test with a $300 support payment so they don’t have to attend work sick.

Cash payments for COVID-19 test-takers

By Grace Ormsby

July 23 2020
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The Victorian government has indicated that it will provide workers who are required to isolate after taking a COVID-19 test with a $300 support payment so they don’t have to attend work sick.

Premier Daniel Andrews said the government wants to make sure “Victorians don’t have to choose between the safety of their workmates and their community – and putting food on the table”.

The scheme already provided a one-off $1,500 payment to workers who were unable to work during their isolation and were not receiving income or entitlements to any paid sick leave, special pandemic leave or other income support.

The government will now extend the scheme to ensure that as soon as a person is tested, they will be eligible for a $300 support payment, so long as they meet the eligibility of the existing scheme.

It comes after Department of Health and Human Services data revealed that as many as nine out of 10 people who do test positive to COVID-19 were not self-isolating between the onset of symptoms and getting a test.

In addition, 53 per cent of positive test cases were not isolating between getting tested for COVID-19 and receiving their results.

“This will ensure workers don’t have to pay the price for following health advice while they are waiting for their results – meaning they can afford to isolate immediately and avoid spreading the virus further through workplaces.

The Premier reiterated that “to fight this virus, we need every Victorian who is sick to get tested and then stay home.”

“If you are waiting for a test, you must stay home until you are notified of your result,” he advised.

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About the author

Grace Ormsby

Grace is a journalist on Momentum Media's nestegg. She enjoys being able to provide easy to digest information and practical tips for Australians with regard to their wealth, as well as having a platform on which to engage leading experts and commentators and leverage their insight.

About the author

Grace Ormsby

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