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Insight, news and updates from Alliott NZ Chartered Accountants, Auckland New Zealand. The views expressed here are the views of the author and should be discussed in further detail should an article be relevant to your individual circumstances.

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Resurgence Wage Subsidy Scheme

Written by Vanessa Williams on August 19th, 2020.      0 comments

On Monday the Minister of Finance announced additional business assistance including those self-employed in the form of a Resurgence Wage Subsidy Scheme (RWS).

nz money 100s 50s generic n2New Zealand employers who have had, or expect to have, a revenue drop of at least 40% because of COVID-19, for a 14 day period between 12 August to 10 September, compared to a similar period last year can get it.  

Other eligibility criteria is similar to the previous wage subsidies.

The RWS payment is for two weeks of support only being $1,171.60 (585.80 per week) for a full-time employee and $700 ($350 per week) for a part-time employee. It applies across New Zealand.

Please note if you are already receiving the Wage Subsidy Extension (WSE) for your employee you can’t receive the RWS as well for the same employee.

The RWS will open for applications from 1pm on Friday 21 August 2020. Applications will close on 3 September 2020. Applications are made through the Ministry of Social Development.

The existing Wage Subsidy Extension Scheme (WSE) continues in place unchanged until 1 September 2020.

For more information please contact Alliotts or visit https://www.workandincome.govt.nz/covid-19/resurgence-wage-subsidy/index.html.
 
Please also reach out to our team via emailwebsite, Zoom or phone us on +64 9 520 9200. Many of you already deal with us exclusively via these methods and will experience no service change. We are very experienced in working remotely and welcome any enquiries you may have.

Alliott NZ recently implemented operational changes that ensure we continue to keep you and our team safe. Read them here »
 

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