COVID-19: Government Business Support Details
As New Zealand moves back to Alert Level 4, we thought it would be timely to remind everyone of the support packages available for any business that might be struggling due to COVID-19.
Wage Subsidy Scheme (WSS)
Eligible employers anywhere in the country can apply for the WSS if they expect a loss of 40% of revenue as a result of the Alert Level increase announced. The WSS rates have been increased to reflect the increase in wage costs since the scheme was first used in March 2020. Businesses will be eligible for $600 per week per full-time equivalent employee, and $359 per week per part-time employee. The Wage Subsidy will be paid as a two-week lump sum. Applications open on Friday 20th August with the first payments usually available after three days.
Resurgence Support Payment (RSP)
Is available if businesses incur a loss of 30% 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).
Leave Support Scheme (LSS)
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. More information is available here.
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. Further information about this payment is available on the Ministry of Social Development website.
We're here to help
If you need any assistance our team is available, please get in touch with your Campbell Tyson advisor or call our helpdesk on 0800 883 718.
Take care and stay safe!