M.I.A.
OPINION: The previous government spent too much during the Covid-19 pandemic, despite warnings from officials, according to a briefing released by the Treasury.
“Unlike the scheme that operated in March last year, this Wage Subsidy scheme requires businesses to reapply for each fortnightly payment,” Finance Minister Grant Robertson said.
“The core settings of the Wage Subsidy Scheme remain the same. It is available to eligible businesses wherever they are in New Zealand on the same payment rates, two-week lump sum payments, and the need to show a 40 percent decline in revenue,” Minister for Social Development Carmel Sepuloni said.
“The revenue test period will move forward two weeks from the period used for the first Wage Subsidy August 2021 payment, but the comparator period will remain the same. The revenue test period for a second payment will be the 14 consecutive days from 31 August to 13 September 2021.”
“We are encouraging employers and those self-employed once again to ensure the accuracy of the information they provide, as that will delay processing if it isn’t correct,” Sepuloni said.
Businesses can also apply for the Leave Support Scheme and Short-Term Absence Payment as appropriate, as well as the Resurgence Support Payment, which is a one-off payment administered by Inland Revenue to help meet fixed costs.
