{"id":13632,"date":"2020-03-20T12:47:42","date_gmt":"2020-03-19T23:47:42","guid":{"rendered":"https:\/\/nzsda.org.nz\/?p=13632"},"modified":"2020-03-20T12:47:42","modified_gmt":"2020-03-19T23:47:42","slug":"covid-19-economic-response-package","status":"publish","type":"post","link":"https:\/\/nzsda.org.nz\/index.php\/2020\/03\/20\/covid-19-economic-response-package\/","title":{"rendered":"COVID-19: Economic Response Package"},"content":{"rendered":"<p>The New Zealand Government has released an economic response package to help cushion the impact of COVID-19 and support the economy during the COVID-19 crisis.<br \/>\nThe package includes:<\/p>\n<p><strong>Wage subsidy scheme<\/strong><\/p>\n<p><strong>Leave and self-isolation support<\/strong><\/p>\n<p>Determine your eligibility and making your application with the fact sheet <a href=\"https:\/\/workandincome.govt.nz\/documents\/eligibility\/emergencies\/covid-19\/wage-subsidy-and-leave-payment-employer-support-factsheet.pdf\" target=\"_blank\" rel=\"noopener\">HERE<\/a><\/p>\n<p>Taking your time now to get it right will ensure you receive all the support you\u2019re entitled to.<\/p>\n<p><strong>Wage subsidy scheme<\/strong><br \/>\nWage subsidies will be available for all businesses significantly impacted by COVID-19 including:<br \/>\nemployers that are struggling to retain employees<br \/>\nsole traders<br \/>\nself-employed<br \/>\nnew and existing businesses.<br \/>\nWage subsidies will be available for businesses in all sectors and regions that can show a 30% decline in revenue for any month between January and June 2020 compared to the year before (including projected revenue).<br \/>\nThe subsidy will be:<br \/>\n$585.80 per week for a full-time employee (20 hrs or more)<br \/>\n$350.00 per week for a part-time employee (less than 20 hrs).<br \/>\nThe payment will be made as a lump sum for a period covering 12 weeks. This means employers will receive a payment of $7,029.60 for a full time employee and $4,200 for a part time employee. The maximum amount any one employer can receive is $150,000.<br \/>\nMore information on who qualifies for the wage subsidy, definitions for wage subsidy qualifications, and how to apply, can be found from Work and Income. You may also need a New Zealand Business Number (NZBN) to apply.<\/p>\n<p><strong>Leave and self-isolation support<br \/>\n<\/strong>Workers and businesses have responsibilities to prevent the spread of COVID-19. The purpose of the COVID-19 leave and self-isolation scheme is to support workers financially to self-isolate, or while ill with COVID-19, where this is required so that all businesses and workers can do the right thing.<br \/>\nFrom 17 March 2020, the COVID-19 leave payment will be available to support people financially if they:<br \/>\nneed to self-isolate<br \/>\ncan\u2019t work because they are sick with COVID-19<br \/>\ncan\u2019t work because they are caring for dependents who are required to self-isolate or who are sick with COVID-19.<br \/>\nThe payments will be:<br \/>\n$585.80 per week for a full-time worker<br \/>\n$350 per week for a part-time worker.<br \/>\nThe COVID-19 leave payment will be available for eight weeks from 17 March 2020. Employers will be able to apply for this more than once.<br \/>\nMore information on who qualifies for the leave payment, and how to apply, can be found from Work and Income. You may also need a New Zealand Business Number (NZBN) to apply.<\/p>\n<p><a href=\"https:\/\/workandincome.govt.nz\/products\/a-z-benefits\/covid-19-support.html?utm_source=business.govt.nz&amp;utm_medium=newsletter&amp;utm_campaign=special_cv_edition#null\" target=\"_blank\" rel=\"noopener\"><strong>APPLY HERE<\/strong><\/a><\/p>\n<p><strong>Application Process:<\/strong><\/p>\n<p>&nbsp;<\/p>\n<p><a href=\"https:\/\/nzsda.org.nz\/wp-content\/uploads\/2020\/03\/covid-19-support-application-process.png\"><img fetchpriority=\"high\" decoding=\"async\" class=\"aligncenter wp-image-13633 size-large\" src=\"https:\/\/nzsda.org.nz\/wp-content\/uploads\/2020\/03\/covid-19-support-application-process-1024x515.png\" alt=\"\" width=\"940\" height=\"473\" \/><\/a><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The New Zealand Government has released an economic response package to help cushion the impact of COVID-19 and support the economy during the COVID-19 crisis. The package includes: Wage subsidy scheme Leave and self-isolation support Determine your eligibility and making your application with the fact sheet HERE Taking your time now to get it right [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":13636,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[],"class_list":["post-13632","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-industry-updates"],"_links":{"self":[{"href":"https:\/\/nzsda.org.nz\/index.php\/wp-json\/wp\/v2\/posts\/13632","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/nzsda.org.nz\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nzsda.org.nz\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nzsda.org.nz\/index.php\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/nzsda.org.nz\/index.php\/wp-json\/wp\/v2\/comments?post=13632"}],"version-history":[{"count":0,"href":"https:\/\/nzsda.org.nz\/index.php\/wp-json\/wp\/v2\/posts\/13632\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nzsda.org.nz\/index.php\/wp-json\/"}],"wp:attachment":[{"href":"https:\/\/nzsda.org.nz\/index.php\/wp-json\/wp\/v2\/media?parent=13632"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nzsda.org.nz\/index.php\/wp-json\/wp\/v2\/categories?post=13632"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nzsda.org.nz\/index.php\/wp-json\/wp\/v2\/tags?post=13632"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}