Following the lockdown announcement on Tuesday 17/8/2021. The government has announced the activation of a wage subsidy and resurgence support for businesses.
The Wage Subsidy Scheme (WSS) allows eligible employers anywhere in New Zealand to apply for a subsidy if they expect a loss of 40 percent of revenue as a result of the Alert Level increase announced today. 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 20 August with the first payments usually available after three days.
The Resurgence Support Payment (RSP) is available if companies incur a loss of 30 percent 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).
Read more about the Government’s announcement: https://www.beehive.govt.nz/release/govt-triggers-business-support-following-covid-community-case
As you may have aware that Crystal Payroll has implemented the Covid-19 function since the first lockdown. To learn how to manage and track the wage subsidy in Crystal Payroll, please see our help file https://support.crystalpayroll.co.nz/fq-covid-19.html