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18/08/2021

business, Cov19, covid

COVID-19 Govt Business Support (17 Aug 2021)

 

The Government decided to move to Alert Level 4 for New Zealand starting at 11.59 pm tonight, initially for three days, except for Auckland and the Coromandel peninsula, where it is likely be at Alert Level 4 for 7 days as a result of a new case in the community in Auckland.

“The Minister for Social Development and Employment Carmel Sepuloni and I have activated a number of business support measures to provide certainty to businesses and workers and ensure we get money out the door quickly to protect jobs and keep firms’ operating,” Grant Robertson said.

The measures include:

 

COVID-19 Wage Subsidy

  • This will be reinstated on Friday

  • Businesses will be eligible for $600 per week per full-time employee. $359 per week per part-time employee

  • Note the increase in rates to factor in wage inflation

  • Any business in NZ can apply for the subsidy from Friday if they expect they will experience a 40% loss of revenue due to alert level 4

 

Resurgence Support

This will also be reinstated:

  • This allows businesses to receive up to $1500, plus an extra $400 per employee, up to a maximum of 50 full-time employees

  • It does not have to be applied directly to employees

  • Businesses can apply for both payments

  • A business or organisation must have experienced at least a 30% drop in revenue over a 7-day period, due to the increased COVID-19 alert level

 

Leave Support Scheme

The Leave Support Scheme provides a two-week lump sum payment of either:

  • $585.80 per week for full-time workers,

  • or $350 per week for part-time workers, who must self-isolate and cannot work from home.

 

Short-Term Absence Payment 

Short-Term Absence Payment provides a one-off (once per 30 days) $350 payment for workers who must miss work due to a COVID-19 test and cannot work from home.

 


How to apply

 

Note

  • At this time, information has not been released on what period the loss in revenue will be compared against.

  • The links for the application are not available yet, but please check back on the MSD website and myIR this Friday (20 August).

     

We are here to help

Please find more details in our Covid-19 Support Center 

Read more about Further eligibility details for the Lockdown Assistance Payments (20/08/2021)

If you need any help, please feel free to email us at support@wiseadvice.co.nz 

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