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COVID-19

LEVEL 4 LOCKDOWN – FINANCIAL SUPPORT FOR THE EMPLOYER

The Government has announced the re-opening of two schemes to assist employers through this latest lockdown period.

Applications will be accepted from Friday 20th August, with the first payments usually available after 3 days.

WAGE SUBSIDY SCHEME (WSS) -  available nationally

This can be applied for by eligible employers if they expect a loss of 40 percent of revenue, as a result of the Alert Level change. The subsidy will be paid as a two-week lump sum at the following rates: 

  • $600.00 per week, for people working 20 hours or more per week (full-time rate)
  • $359.00 per week, for people working less than 20 hours or more per week (part-time rate)

RESURGENCE SUPPORT PAYMENT (RSS) -  available nationally

This is payment to assist businesses or organisations with one-off costs due to an Alert Level change. Eligible businesses throughout New Zealand can apply for the RSS if they incur a loss of 30 percent of revenue, as a result of the Alert Level changes.

The RSS continues to be $1,500 plus $400 per full-time employee, up to a maximum of 50 full-time employees.

The MSD website has now been updated with the revenue decline criteria, in order to qualify for the August 2021 wage subsidy. Applications can be made by clicking here.

Please click here for information from Work & Income that covers the latest elements of the Government's announcement regarding the wage subsidy package.

We acknowledge that this will be a difficult time for many individuals and businesses.

Should you have any questions or queries on the information, then please do not hesitate to contact one of our staff members.

Please click here for flyers on COVID-19.

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THE PACESETTER... 27 SEPTEMBER 2021

OPINION

Whilst the rugby played (All Blacks v South Africa) may not have been the best on display, it was a test. It had uncertainty, it was tense and it went down to the wire so that, in my view, is what a test is all about.

OF INTEREST

Fixed interest rates are looking to head north so it may not be too long before we don't see a 2 in the front.

TOPICAL

John Key has come out with his views on how Labour have handled Covid. Whilst it is much easier to be in his seat, does he raise some valid points and where to from here?

SPOTLIGHT

Has Labour dropped the ball on not creating all sorts of incentives to encourage more of our population to get vaccinated? Some 4 – 5 months ago the state of New York was offering a free six pack of beers.   

GEM OF THE WEEK

This week it has to be the start of daylight savings. Brilliant and so much more we can do.

MARKET TALK

Many of you will have caught the article on stuff, "more agents than homes to sell". It is going to be a tough gig for many but it is unlikely to result in a reduction in commission rates, something which most consumers are still prepared to accept.

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