COVID-19 Support Packages
August 20, 2021
We hope you’re settling into the routine of Alert Level 4, however that may look for you and your household.
The Government has released further information on the criteria of the support packages. As promised we have summarised these below:
The Wage Subsidy Scheme is now available nationwide for those affected.
Businesses may apply if they have or expect to have a loss of 40% revenue over the period 17 August 2021 to 30 August 2021 (inclusive) as a result of the current rise in alert levels. The loss of 40% of revenue from 17 August to 30 August 2021 is when compared to a typical 14-day consecutive period of revenue in the six weeks immediately prior to 17 August 2021.
The payment has increased to $600 per week for each full-time equivalent employee (20 hours or more), and $359 per week per part-time employee (less than 20 hours). This will be paid in a two-week lump sum. To apply, please click here.
Resurgence Support Payment (RSP)
When alert levels are raised to Level 2 or above for 7 days or longer, businesses or organisations who experience at least a 30% drop in revenue or capital-raising ability over this 7-day period will be able to apply. This affected revenue period needs to be compared against a regular 7-day revenue period that starts and ends in the 6 weeks prior to the increased alert level, i.e. from 7 July to 17 August 2021.
The payment consists of a base amount of $1,500 per applicant plus $400 per full-time equivalent (FTE) up to a cap of 50 FTEs. Although the payment is capped at 50 FTEs, businesses with more than 50 FTEs may still apply. Sole traders can receive a payment of up to $1,900. Applications open at 8am on Tuesday 24th August. Please click here to apply.
Please note you can apply for the wage subsidy and the resurgence support payment.
Leave Support Scheme
Should you have an employee who has been directed by the Ministry of Health to stay home and isolate but is unable to work from home, you may be eligible to apply for the Leave Support Scheme. This is a lump sum payment at the $585.80 per week for each full-time equivalent employee (20 hours or more), and $350 per week per part-time employee (less than 20 hours) and calculated to cover 2 weeks. You can re-apply after this time if your employees still qualify. Should you need to apply, click here.
Short-Term Absence Payment (STAP)
The STAP provides a one-off (once per 30 days) $350 payment for workers who are required to miss work due to a Covid-19 test and cannot work from home. Further information about this payment is available here.
Should you need any help checking if you are eligible for the above or need assistance with the application process, please call your usual Greenlion advisor who will be happy to help.
In addition to the above there are options such as the Business Debt Hibernation Scheme, potential rent relief, IRD payment arrangements and tax purchases through tax traders to help minimise the impact on cashflow.