Date posted: 2/03/2021

Government announces additional COVID-19 financial support for business

The Government has announced additional support for business in the wake of recent COVID-19 alert level increases.

The Government has announced additional financial support for eligible businesses nationwide in response to the 28 February move to Alert Level 3 in Auckland and level 2 for the rest of New Zealand. The recent Level 3 lockdown triggers the new nationwide Wage Subsidy Scheme in addition to other financial support payments. 

Wage Subsidy Scheme

A new Wage Subsidy scheme is available for eligible employers and self-employed people that experience a 40% drop in predicted or actual revenue over a consecutive 14-day period, compared to a typical fortnightly revenue in the six weeks before the rise in alert level. 

Employers can apply from 1pm on Thursday 4 March 2021 and payments start from Monday 8 March 2021.

Businesses must be able to show that the revenue drop is due to the change in alert level, not just COVID-19 in general.

For more information

Resurgence Support Payment

The Resurgence Support Payment is for businesses or organisations (including sole traders) with reduced revenue due to a COVID alert level increase to level 2 or higher. Eligible businesses can receive the Resurgence Support Payment in addition to the other payments listed here. 

More information

Short-term Absence Payment

This is available to help businesses and self-employed people pay their employees unable to work from home pending a COVID-19 test result. Impacted businesses can claim a one-off payment of $350 for each eligible employee.

More information

Leave Support Scheme

The Leave Support Scheme is for employees and self-employed people required to self-isolate and are unable to work from home. This scheme ensures that they will still receive some income during self-isolation. 

More information

Financial support for businesses

For comprehensive information on all financial support available, including a financial support tool, visit the COVID-19 Unite page.

Read more

Employee Assistance Program

The Employee Assistance Program (EAP) IS available for all CA ANZ members and their families. This confidential counselling service is free to members.

Read more

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