Various Covid Subsidies

Lockdown 3.1 or 4.0?
We’re Here to Help!

Whilst the politicians and the media are trying to work out how we got where we are today, and whether we should have still been in Lockdown 3.0 rather than entering Lockdown 3.1 (or is it 4.0) in Auckland, the team at DNA are busy working from home.

If you need our help please do not hesitate to call or email – we just can’t meet you at our office.

We do want to make sure that you are receiving all the support that you require at this time, whether than be financi

al, strategic or emotional.

From the financial aspect, we have set out below the various subsidies that are available at this time.

If you need help with applying for any of them, please do get in contact.

Wage Subsidy

A new Wage Subsidy for employers and self-employed people throughout New Zealand will be available later on Monday 1 March 2021.

This will be at the standard rate of $585.80 per week for employees working 20 or more hours per week and $350 per week for employees working less than 20 hours per week. Application for the Wage Subsidy can be made here once available.

Businesses will be eligible if they experience a 40% drop in predicted or actual revenue over a consecutive 14-day period, compared with a typical fortnightly revenue in the six weeks before the rise in alert level.

You will need to be able to show that the revenue drop is due to the change in alert level (i.e. you are close, or can only provide reduced services), not just because of COVID-19 in general.

Resurgence Support Payment (RSP)

The RSP is to help businesses whose revenue has reduced because of a COVID-19 Alert Level 2 or higher.

If your business or organisation is facing a reduction in income due to an alert level increase, you may be eligible for the RSP.

When the RSP is activated, eligible businesses and organisations can apply to receive the lesser of:

  • $1,500 plus $400 per full-time equivalent (FTE) employee, up to a maximum of 50 FTEs
  • Four times (4x) the actual revenue drop experienced by the applicant.

Applications can be made in myIR. For further information and eligibility criteria click here.

Short-Term Absence Payment

The COVID-19 Short-Term Absence Payment is available for businesses, including self-employed people, to help pay their workers who cannot work from home while they wait at home for a COVID-19 test result. This is a one-off payment of $350 for eligible workers. You can only apply for it once, for each eligible worker, in any 30-day period (unless a health official or doctor tells the worker to get another test).

Businesses can apply for the Short-Term Absence Payment if they’ve been advised that their worker, or a self-employed person, is:

  • staying home while waiting for their COVID-19 test result, in accordance with public health guidance, or are;
  • the parent or caregiver of a dependant who is staying home while waiting for their COVID-19 test results, in accordance with public health guidance, and the dependant needs support to do so safely, or are;
  • a household member or secondary contact (as described in public health guidance) of someone who is a close contact of a person with COVID-19, and the worker has been advised to stay at home while waiting for the close contact’s test results.

For further information click here.

Leave Support Scheme

The Leave Support Scheme is available for businesses, including self-employed people, to help pay their workers who can’t work from home and meet certain health criteria,

  • e.g. they have COVID-19 or are defined by the Ministry of Health as a ‘close contact’ who has been told to self-isolate for 14 days.

It’s paid as a lump sum to employers and covers two weeks per eligible employee at the rates of $1,176.60 for each employee working 20 hours plus a week, and $700 for each employee working less than 20 hours a week.

Find out more about the Leave Support Scheme by clicking here.