Greenlion News

We are sure that you are all feeling the frustration, as we are, that Delta is now in our community and we are back to level 4. We know that for some of you these new restrictions will have a major impact on how you are able to conduct your day to day business. Please do reach out if you are worried and/or need to sound out any issues.

Support Packages

A reminder that there are support packages available to you.

These include:

Wage Subsidy

Grant Robinson announced that the Wage Subsidy Scheme will be available nationwide for those affected. Businesses may apply if they expect a loss of 40 percent of revenue as a result of the current rise in alert levels (current level 4 and possible move to level 3). There is currently no detail of the timeframe for the 40 percent revenue decline. We will circulate details when they are posted on the work and income website here. The payment has been increased this time with each full-time equivalent employee (20 hours or more) eligible for $600 per week, and $359 per week per part-time employee (less than 20 hours). The Wage Subsidy will be paid in a two-week lump sum, with applications opening on Friday August 20. They expect to have payments made within three days.

Resurgence Support Payment

With alert levels being raised for 7 days, businesses or organisations who experience at least a 30 percent drop in revenue or capital-raising ability over this 7-day period and meet other RSP eligibility criteria will be able to apply. 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. Applications are not yet open, but once this is announced, it will be for one month. Please click here to apply once this opens.

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 same rates as the wage subsidy and calculated to cover 2 weeks. You can re-apply after this time if your employees still qualify.

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. 

We’re here to help

The uncertainty and rapidly changing nature of this pandemic means we need to think on our feet while still making sound decisions. At Greenlion we are here to help you, whether it’s acting as a sounding board, formulating funding requests for the bank or reviewing and implementing systems to allow staff to work at home. Our direct dials go straight to our cell phones with the main line being diverted to our practice manager Megan. We are all available to help should you need.

Greenlion News
December 1, 2021

Final Support before the ‘freedom’ of the traffic lights…

On Monday the Government announced the support available under the new COVID Protection Framework. They also announced that the final Wage Subsidy and Resurgence Support Payment are now available, along with a new Transition Payment. We have set out more details below.   Wage Subsidy – Round 8 The 8th round of the Wage Subsidy…

Greenlion News
October 22, 2021

The goal is 90% – here’s the support package

Todays announcement has certainly given us something to think about and to work towards.  If you haven’t already we do urge you to get vaccinated. Your action now could be the difference for some of our clients coming out with a business intact.  In todays announcement Minister Robertson has shared the path forward as we…

Greenlion News
September 30, 2021

Limitation of Interest Deductibility on Residential Property Investment Released

Earlier this week the Government released draft legislation outlining some detail in relation to the March interest limitation proposals.   The proposals are contained in Supplementary Order Paper No. 64. It is pretty dry and the devil is in the detail so please bear with us.    We have attempted concisely to summarise the key…