August 2021 Lockdown – what financial support is available?

Given the differing eligibility necessities it is simple to turn out to be overwhelmed.
To make it easy, we’ve damaged down every of the advantages and their eligibility standards. We will replace this text as additional data is launched.
Wage Subsidy August 2021
Finance Minister Robertson has suggested that as Auckland and Coromandel will likely be at Alert Level 4 for 7 days, the Wage Subsidy will as soon as once more be accessible to eligible employers.
What is it?
The wage subsidy helps affected employers (companies) and self-employed individuals. It is paid on to them. As a part of the appliance course of, a enterprise should:
decide to retaining their workers; andpass on the subsidy to their workers.
Eligible companies / self-employed individuals can obtain:
$600 per week for every full-time worker / self-employed individual (greater than 20 hours per week); and, $359 per week for every half-time worker / self-employed individual (fewer than 20 hours per week).
Who will likely be eligible?
Businesses or self-employed individuals which have skilled (or count on to expertise) a 40% decline in income over a set interval, in comparison with the identical set interval within the prior weeks. The actual ‘income decline’ standards are but to be introduced.
The software course of requires companies / self-employed individuals to make numerous declarations concerning their eligibility. At current, the eligibility standards and the element of the declarations are usually not accessible. The Declaration type will likely be accessible by 9.00am on Friday 20 August 2021.
If an worker is already receiving a Short Term Absence Payment or a Leave Support Scheme fee, the employer is not eligible to obtain the Wage Subsidy in respect of that worker.
Important dates
Applications open (on-line) at 9.00am on Friday 20 August 2021.
You can discover out extra details about the August Wage Subsidy right here.
Resurgence Support Payment (RSP)
What is it?
The RSP is accessible for companies, self-employed and sole merchants affected by an alert stage change (above Alert Level 1).
Those eligible can obtain the lesser of:
$1,500 plus $400 per full-time worker, as much as a most of fifty workers; orfour occasions the precise income drop skilled by the applicant.
Who is eligible?
Businesses, self-employed individuals or sole merchants that:
have skilled at the very least a 30% drop in income or capital elevating capacity over a seven day interval, because of the alert stage change;have been in enterprise for at the very least six months; andcan be thought-about viable and ongoing.
Passive revenue, reminiscent of curiosity, dividends or lease, is excluded from the measure of income. State sector organisations are excluded from receiving the RSP however can apply to the Minister of Finance for an exemption.
Receiving every other Government COVID support doesn’t have an effect on eligibility for the RSP.
Important dates
Applications for the RSP in relation to the alert stage improve introduced on 17 August 2021 will open at 8.00am on 24 August 2021.
Find out extra concerning the RSP right here.
Short Term Absence Payment (STAP)
What is it?
The STAP is accessible in any respect alert ranges. It is a one off fee of $350 for companies or self-employed individuals to pay their workers who can not work as a result of they’re awaiting the results of a COVID-19 take a look at.
Who is eligible?
STAP is accessible to companies on behalf of their workers, and self-employed individuals. To be eligible, the worker or self-employed individual should:
be required to overlook work and keep at dwelling whereas ready the results of their very own, or dependents, COVID-19 take a look at consequence; andbe unable to do business from home.
You can discover extra details about the STAP right here.
Leave Support Scheme (LSS)
What is it?
The LSS is accessible for companies and self-employed individuals who must self-isolate and may’t do business from home. The LSS is paid as a lump sum and covers two weeks of employment per eligible worker. You can not apply for lower than two weeks. Information at the moment accessible states that the LSS is paid at a flat charge of:
$585.5 per week for every full time worker / self-employed individual (greater than 20 hours per week); and,$350 per week for every half time worker / self-employed individual (fewer than 20 hours per week).
If you obtain the LSS for an worker who returns to work in lower than two weeks, you’ll need to repay the remaining quantity or reallocate it to a different eligible worker.
Who is eligible?
Employees or self-employed individuals that:
have been informed to self-isolate by a physician or well being official; andcannot do business from home.
This contains those that:
are sick with COVID-19;have been directed to self-isolate;are the mother or father or caregiver of somebody who has been directed to self-isolate;are thought-about an individual of excessive threat in the event that they contract COVID-19 and a medical practitioner has informed them to self-isolate.
More details about the LSS may be discovered right here.

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