Eligibility for the Resurgence Support Payment

As we cope with another lockdown in NZ, the Government have updated support measures for businesses and workers.

 The Resurgence Support Payment assists small businesses to cover expenses such as wages and fixed costs, when there is a move to Alert Level 2 or higher for a week or longer.

 Applications for the alert level increase will open today 24 August at 8am.

 Eligibility criteria

 A business must have experienced at least a 30% drop in revenue or a 30% decline in capital-raising ability over a 7-day period, due to the increased alert level.

• Revenue is compared to a typical 7 day period in the 6 weeks prior to the change in alert level.

 Eligible businesses can apply to receive the lesser of:

•  $1,500 plus $400 per full-time equivalent (FTE) employee, up to a maximum of 50 FTEs

• four times (4x) the actual revenue decline experienced by the applicant.

• The payment is not a loan, so it does not need to be repaid.

 Tax agents can apply for the RSP on behalf of their clients, so talk to us, we are here to help you.

 For more information on the resurgence support payment and calculate the amount you would be entitled to, visit the Inland Revenue page.