Here're some more details on the criteria for eligibility for the Lockdown assistance payments.
Available from IRD, applications open 8.00 am Tuesday 24 August (https://www.ird.govt.nz/covid-19/business-and-organisations/resurgence-support-payment)
To help you work out your eligibility for the Resurgence Support Payment, we have set out the ‘decline comparatives’ meaning the percentage drops in revenue you need to show for the lock-down period, compared to a previous typical 7-day revenue period.
A business or organisation must have experienced at least a 30% drop in revenue or a 30% decline in capital-raising ability over a 7-day period, due to the increased COVID-19 alert level (subject to all other criteria being met).
This decrease in revenue or capital-raising ability is compared with a typical 7-day revenue period in the 6 weeks prior to the increase from alert level 1.
Available from today 20 August, through the Ministry of Social Development
(https://www.workandincome.govt.nz/covid-19/wage-subsidy/how-to-apply.html)
To help you work out your eligibility for the Wage Subsidy Scheme, we have set out the ‘decline comparatives’
meaning the percentage drops in revenue you need to show for the lock-down period, compared to a previous
typical 14-day consecutive revenue period in the 6 weeks prior to the alert level 4.
Your business must meet the revenue decline test:
your business is being or will be affected by the move to Alert Level 4 on 17 August 2021, and
your business has had, or you predict will have, a decline in revenue that can be attributed to the
effect the move to alert level 4 on 17 August 2021 has had on your business, and that is:
At least a 40% decline over the period between 17 August 2021 and 30 August 2021 inclusive (this is
the revenue test period), compared to a typical 14-day consecutive period of revenue in the six weeks
immediately before the move to alert level 4 on 17 August 2021.
If your business has highly seasonal revenue, you must have at least 40% decline over the revenue test period compared to the same 14 consecutive days in 2020 or 2019, provided you can demonstrate that the seasonal nature of your business makes it harder to meet the 40% revenue decline using the default comparator period than if your business was not of a seasonal nature.
The calculations and comparisons above cannot include any payments made to you from:
this subsidy
other COVID-19 wage subsidy schemes
the Short-term Absence Payment
the Leave Support Scheme
the COVID-19 Essential Workers Leave Support scheme
the COVID-19 Resurgence Support Payment
the COVID-19 Small Business Cashflow scheme.
You can include a fall in projected capital income as revenue for the purpose of an application if:
your business is a research and development intensive “start-up” business, and
you have no revenue other than seed or venture capital or Government funding, and
you’re recognised by Callaghan Innovation as a legitimate research and development start-up business.
Find all kinds of Govt business support from here COVID-19 Govt Business Support (17 Aug 2021)
We hope this is of assistance but please look on the links included for the full details. If you have any questions or need advice, please contact us at support@wiseadvice.co.nz and we will be in touch ASAP.