Second round of Resurgence Support Payments (RSP) and 3rd round of Wage Subsidy
2nd Round of RSP:
The Minister of Finance has announced a second payment of the Resurgence Support Payment (RSP) for the alert level increase that started on 17 August.
The announcement says 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 New Zealand 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 4 times the actual revenue decline experienced by the applicant, whichever is less.
Applications for the second payment will open at 8am on Friday 17 September on Inland Revenue's website
Businesses and organisations will be able to apply for the second payment even if they have received the first payment.
Applications for both payments will remain open until 1 month after the whole of Aotearoa New Zealand returns to alert level 1.
3rd Round of August 2021 Wage Subsidy:
A third round Wage Subsidy Scheme payment for eligible businesses have been announced. This is because Auckland is remaining at Alert Level 4.
If your business is eligible, you can apply from 9am, Friday 17 September 2021.
Applications for the second round of the Wage Subsidy Scheme will close at 11:59pm on Thursday 16 September 2021.
Make sure your business meets all the eligibility criteria, including the decline in your revenue, before you apply for the COVID-19 Wage Subsidy August 2021.
Source: IRD, covid19.govt.nz