17 March 2020
Today an announcement has been made as part of New Zealand’s Coronavirus Response, details on the Government’s ‘business continuity package’ have just been released.
A 12.1 billion dollar package over 4 years has been released to mitigate a coronavirus recession:
Salon Owners, self-employed and contractors who have suffered a minimum of 30% in business decline over the last 3 months and/or do so into the future because of the Covid-19 virus can apply for their share of the subsidies announced.
(Extracted from work & income website)
If you’re an employer, contractor, sole trader or self-employed, you may qualify to get the COVID-19 wage subsidy.
For definitions of these qualifications, see the information under the ‘Definitions for Wage Subsidy qualifications’ heading on the linked page.
The COVID-19 Wage Subsidy will be paid at a flat rate of:
The subsidy is paid as a lump sum and covers 12 weeks per employee.
This subsidy is for wages only. It is to help you keep your staff employed while you consider changes that may be needed while the disruption continues, and to ensure the future viability of your business.
The maximum subsidy that can be paid to a business is $150,000. Businesses can only get this subsidy once.
For further information and details visit Work & Income website.
(We thank the NZRAH for this information)