Covid-19 Financial Support Update – 17 Sep 2021

Covid-19 Financial Support Update

Resurgence Support Payment (RSP) #2

Applications for a 2nd payment under the RSP is open today, 17 September 2021 at 8 am.

Businesses will need to show a 30% or more drop in revenue in a 7-day period from 8 September until immediately before all of NZ returns to Alert Level 1 compared to a typical 7-day period in the 6 weeks before 17 August.

The payment will stay as $1,500 plus $400 per full-time equivalent (FTE) employee up to a maximum of 50 FTEs, or four times the actual revenue decline experienced by the applicant, whichever is less.

Applications will open for the second payment at 8 am today, 17 September on Inland Revenue’s website, www.ird.govt.nz.

Businesses and organisations will be able to apply for the second payment even if they have received the first payment.

Wage Subsidy August 2021 #3

Applications for the third COVID-19 Wage Subsidy August 2021, known as Wage Subsidy August 2021 #3, are open for two weeks between 9 am, 17 September and 11.59 pm, 30 September 2021.

Your business needs to meet the eligibility criteria and agree to meet the obligations in the declaration to be able to get a COVID-19 Wage Subsidy August 2021 payment. It’s available to all New Zealand businesses and self-employed people that meet eligibility criteria.

The full eligibility details and obligations are set out in the declaration, which you must read and agree to when you apply for a COVID-19 Wage Subsidy August 2021 payment. (Declaration)

For more info, please click HERE.

Please feel free to contact us if you need help with these applications and any further business services.

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