COVID Business Support Payments available
With Auckland remaining at Alert Level 2 last night, businesses around New Zealand may be eligible for the new Resurgence Support Payment passed by Parliament this week. To qualify for the payment, businesses must show a 30% drop in revenue over a seven day period compared with a typical similar revenue period in the six weeks prior to the Alert Level rise. A seasonal business must show a 30% revenue drop compared with a similar week the previous year. The payment is available to businesses nationally if they can meet the eligibility criteria, not just those in Auckland.
The payment includes a core per business rate of $1500 plus $400 per employee up to a total of 50 FTEs – a maximum payment of $21,500.
Businesses can apply for the payment from today Tuesday 23rd Feb via the Inland Revenue website.
Tourism Transition Funding available The Tourism Transition Fund was announced by the Government last August to enable tourism businesses to access expert advice and support. The $10m fund is administered through the Regional Business Partner Network of which we are a registered service provider. This service is in addition to the support offered through Qualmark. There is still approximately $3m available in this Fund. The funding available per business is up to $5000 – so the Fund can still assist another 600 tourism or travel businesses. This funding can be used with a range of providers depending on your business needs. No co-funding is required. Register on the RBP website and a business advisor will the contact you to assess your needs.
Other support available includes the Leave Support Scheme which helps businesses to help pay workers told to self-isolate because of COVID-19 and the Short-Term Absence Payment which covers eligible workers needing to stay at home while awaiting a COVID-19 test result.