The Minister of Finance has announced a second payment of the
Resurgence Support Payment (RSP) for the alert level increase that started on 17 August.
The announcement says businesses will need to show a 30% or more drop in
revenue in a 7-day period from 8 September until immediately before all of NZ returns to Alert Level 1 compared to a
typical 7-day period in the 6 weeks before 17 August. The payment will stay as $1,500 plus $400 per full-time equivalent
(FTE) employee up to a maximum of 50 FTEs, or four times the actual revenue decline experienced by the applicant,
whichever is less.
Applications will open for the second payment at 8am on Friday 17
September on Inland Revenue's website: ird.govt.nz.
Businesses and organisations will be able to apply for the second payment
even if they have received the first payment. Applications for both payments will remain open until 1 month after the
whole of Aotearoa New Zealand returns to alert level 1.
Reminder: The eligibility criteria also changed
for newer businesses on 9 September 2021, please visit the IRD website for more information: ird.govt.nz/covid-19/business-and-organisations/resurgence-support-payment/eligibility
More information on RSP please do get in touch or visit: ird.govt.nz/covid-19/business-and-organisations/resurgence-support-payment
We’ll be hosting a Facebook live Q&A session on
Tuesday 21st September at 11am, to take a closer look at the economic impact of lockdown with BNZ's
Chief Economist, Paul Conway.
Please join me and ask any questions you have, which I’ll try to
answer live, or we’ll find the answer in the following days.