The Government will reinstate the Wage Subsidy Scheme (WSS) from this week. Businesses can apply for the subsidy from this Friday 20th August (via the Work & Income website:
https://www.workandincome.govt.nz/covid-19/ ) if your business expects a 40% drop in revenue due to being in alert level 4. It will be paid as a two week lump sum. The first payments are usually available after three days.
WSS Rates have been increased to the following:
$600.00 gross per week per full-time equivalent employee and
$359.00 gross per week per part-time employee
The Resurgence Support Payment (RSP) is also available if firms incur a loss of 30 per cent of revenue as a result of the alert level increase. 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). The Resurgence Support payment covers other costs apart from wages, that businesses may incur. Resurgence applications will be on the Inland Revenue site from early next week.
Businesses can apply for both payments.
Other relief businesses could apply for is the Leave Support Scheme (LSS) which 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.
Also, the Short-Term Absence Payment (STAP) provides a one-off (once per 30 days) $350 payment for workers who must miss work due to a COVID-19 test and cannot work from home.