All of New Zealand is in Level 4 until Friday 20th August.
Auckland and Coromandel are under lockdown until till next Tuesday 24th August.
Updates from today
Government Schemes available to businesses
Wage Subsidy Scheme (WSS) (available via Work and Income)
Applications open 9am on Friday 20 August. The first payments are usually available after three days.
Eligible employers anywhere in the country can apply if they expect a loss of 40 percent revenue as a result of the Alert Level increase.
Businesses will be eligible for:
The Wage Subsidy will be paid as a two-week lump sum. The WSS rates have been increased to reflect the increase in wage costs since the scheme was first used in March 2020.
Leave Support Scheme (available via Work and Income)
Available to employers for employees, and self-employed workers who
It’s paid as a lump sum and covers two weeks per eligible employee at the rates of:
Short Term Absence Payment (available via Work and Income)
Available to employers for employees and self-employed workers who
This is a one-off payment of $350 to employers to pay workers who need to stay home while awaiting a test or while someone who is their dependent is doing so.
Resurgence Support Payment (RSP) (Available via MyIR)
Applications for the RSP will open 8am on August 24 (seven days after the lockdown announcement).
Firms that experience a 30 per cent drop in revenue over a seven-day period will be eligible for the RSP.
The RSP is worth up to $1500 plus $400 per full-time equivalent employee, up to a maximum of 50 full-time employees (so up to a total of $21,500).
You’ve experienced a 30% or more decline in revenue by comparing a 7-day period pre–Alert Level Rise, and a 7-day period at the raised Alert Level.
You could be eligible to receive $2700 = ($1500 (baseline payment) + $400 (FTE) + $400 (FTE) + $400 (FTE)).
However, if your business has a ‘low revenue’ your payment will be capped at four times (4x) the amount your revenue has dropped over the 7-day raised Alert Level period.
So, if your business has a revenue decline of $500, you would receive an RSP payment of $2000 (4 x $500).
COVID-19 financial support tool
Because of COVID-19, financial pressure will be a reality for many. Help is available if you are experiencing financial distress.
Māori business support
For specialist business advice for Māori business owners and employers call 0800 4 POUTAMA (0800 476 882)
Te Arawhiti can help iwi to connect with funding and services to help Māori recover from the COVID-19 pandemic.
Find out more here on the COVID-19 Business helpline and resources.