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COVID-19 Wage Subsidy Extension- from 10 June 2020

From the 10th of June businesses can apply for the Wage Sudsidy extension. 

The Criteria has changed from the initial 12 week one;

  • Your Revenue for the last 30 days must be 50% lower than the same period last year ie 
    • 10th of May 2020 to 10th Jun 2020 compared to 10th May 2019 to 10th June 2019.
  • It will cover 8 weeks per employee from the date you submit your application.
  • It will be paid to you as a lump sum at the same weekly rate as the Wage Subsidy.
  • You'll need to agree to certain obligations, such as;
    •  to:pass the subsidy on to your employees
    • retain your employees for the duration of the subsidy
    • do your best to pay your employees at least 80% of their normal pay
    • take active steps to mitigate the impact of COVID-19 on your business.

To Apply 

If you are an Employer click here https://services.workandincome...

Or if you are Self-employed click here https://services.workandincome...