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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 40% 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.

The file below will help you to calculate the 30 day income for the last 30 days and the previous years 30 days.

To Apply 
If you are an Employer click here https://services.workandincome...
Or if you are Self-employed click here https://services.workandincome...