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RBA Glossary definition for PAYG
PAYG – Pay as you go
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Box B: Business Failure Risk in the COVID-19 Pandemic – Technical Appendix
8 Oct 2020
FSR
– October 2020
These payments are equivalent to business PAYG tax withholdings for the year capped at $100,000, and all eligible firms receive at least $20,000 in total.
https://www.rba.gov.au/publications/fsr/2020/oct/box-b-business-failure-risk-in-the-covid-19-pandemic-technical-appendix.html