Applications for the second round of the Covid-19 wage subsidy are now open.  If you applied for the first round of the wage subsidy, you will need to wait until two weeks after you applied for the first subsidy before making your application for the second round. 

 

The second round of the wage subsidy is the same as the first.  To be eligible your business will need to show it has had or expects to have a drop in revenue of at least 40% due over a period of 14 consecutive days between 31 August 2021 and 13 September 2021 inclusive (this is the revenue test period), compared to a typical 14 consecutive days of revenue in the six weeks immediately before to the move to Alert Level 4 on 17 August 2021. 

Payments will cover a two week period at the rate of $600 a week per full-time employee or $359 a week per part-time employee.  The payments will be made as a lump sum into your nominated bank account. 

 

Resurgence Support Payment

If you have not already applied for the resurgence support payment applications are still open.  This payment is a one-off support payment available when the Government raises the alert level from level 1 for more than a 7 day period, at the Governments discretion.  For more information, see our previous newsletter here.

 

If you would like more information on the above or would like assistance with your application, please be in touch with the team at Stewart & Co.