Financial Support for businesses and owners
Significant support is available following the rise in alert levels announced by the Prime Minister on 17 August 2021.
These measures include:
• The Wage Subsidy Scheme (WSS)
This payment will be available nationally to help eligible businesses continue paying staff and protecting jobs. To reflect increased wage costs, the payments have been increased to $600 for full-time employees and to $359 for part-time employees. This will be open to applications from 9am on Friday 20 August 2021, with applications initially open for two weeks.
For more information on the WSS, click here
• The Resurgence Support Payment (RSP)
This payment will be available to any business or organisation in New Zealand that experiences at least a 30% drop in revenue or a 30% decline in capital-raising ability over a 7-day period, due to a COVID-19 alert level increase of level 2 or higher. This will be open to applications from 8am on Tuesday 24 August 2021 and will be available until one month after a nationwide return to Alert Level 1.
For more information on the RSP, click here
• The Leave Support Scheme (LSS)
This payment 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. The rates increase to either $600 per week for full-time workers or $359 per week for part-time workers from Tuesday 24 August 2021.
For more information on the LSS, click here
• The Short-Term Absence Payment (STAP)
This payment provides a one-off (once per 30 days) payment of $350 for workers who must miss work due to a COVID-19 test and cannot work from home. The rate increases to $359 from Tuesday 24 August 2021.
For more information on the STAP, click here
• The Small Business Cashflow Scheme (SBCS)
This scheme supports small to medium businesses and organisations struggling with a loss of actual revenue due Important message for intermediaries Classified Public [UNCLASSIFIED] to COVID-19. Applications are open until 31 December 2023.
For more information on the SBCS, click here.