The impact of COVID-19 on the way of life for Kiwis and the ability to conduct business across many of our industries is unprecedented. We know that tough times are ahead and we want to help He Waka Eke Noa suppliers to stay resilient and weather the economic storm coming our way.
Please, if you are worried about the future of your business, get advice from professionals early and access the support that the government is providing as soon as you need.
We have outlined information below and pulled together a range of links which help you to understand what your business may be entitled to.
Work and Income:
Employer, contractor, sole trader or self-employed support:
If you’re an employer, contractor, sole trader or self-employed, you may qualify to get the COVID-19 wage subsidy of up to $585.50 per week per person.
You will need to be able to demonstrate a minimum 30% decline in actual or predicted revenue over the period of a month when compared with the same month last year between January and June 2020.
You will need to be able to demonstrate that you have taken active steps to mitigate the impact of COVID-19 and must keep paying workers at least 80 percent of their regular income for the 12 week period.
The maximum subsidy that can be paid to a business is $150,000. Businesses can only get this subsidy once.
Find out more here.
You may qualify to get the COVID-19 leave payment of up to $585.50 per week for 8 weeks from march 17th for your yourself or any of your employees if you/they:
- need to self-isolate and cannot work from home or;
- cannot work due to being diagnosed with COVID-19 or;
- are caring for a dependent who is sick with COVID-19 or;
- are caring for a dependent who is self-isolating
Please note that employees do not have to have used existing leave entitlements before being eligible to receive this payment.
Find out more here.
INFORMATION FOR BENEFICIARIES:
From 1 April 2020 an after-tax rate increase of $25 per week will apply to the following benefits:
- Jobseeker Support
- Sole Parent Support
- Supported Living Payment
- Young Parent Payment
- Youth Payment
From 23 March, there will be no stand-down period for new weekly benefits for 8 months.
The Winter Energy Payment rates will double for 1 May – 1 October 2020 to the following:
- Single people with no dependent children will increase to $40.91 a week
- Couples, and people with dependent children will increase to $63.64 a week
To find out more information for beneficiaries check the Work and Income website here.