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COVID-19 Wage Subsidy Extension
The following is the extract from Work & Income Website for further details please click on the link below
www.workandincome.govt.nz...
COVID-19 Wage Subsidy Extension
A Wage Subsidy Extension payment will be available to support employers, including sole traders, who are still significantly impacted by COVID-19 after the Wage Subsidy ends.
The Wage Subsidy Extension will be available from 10 June 2020 until 1 September 2020 so employers can keep paying their employees.
Applications open from 10 June 2020.
Loss of revenue criteria changed 5 June
The Government announced a change in criteria from a 50% revenue drop to a 40% revenue drop.
This means you must have had a revenue loss of at least 40% for a continuous 30 day period. This period needs to be in the 40 days before you apply (but no earlier than 10 May 2020) and must be compared to the closest period last year.
Other key points
• If you're applying for an employee you've already applied for the Wage Subsidy for, you can't apply for them until their 12 week Wage Subsidy has finished.
• 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.
• If you've given an employee notice of redundancy before you apply, you can't apply for those employees unless the redundancy notice is withdrawn.
• You'll need to agree to certain obligations, such as to:
o pass the subsidy on to your employees
o retain your employees for the duration of the subsidy
o do your best to pay your employees at least 80% of their normal pay
o take active steps to mitigate the impact of COVID-19 on your business.
Repayments
If your employee's usual wages are less than the subsidy, you must pay them their usual wages. Any difference should be used for the wages of other affected staff.
If there are no other employees to use the subsidy for, then the remaining amount should be paid back.
Self-employed
If you're self-employed, the income you regularly draw from your business may be less than the amount you receive for the Wage Subsidy Extension. In this case, the remaining amount should be paid back.
Receiving more than one COVID-19 payment
You won't be able to receive more than one COVID-19 payment from us for the same employee at the same time. This includes the:
• Wage Subsidy
• Leave Support Scheme, and
• Wage Subsidy Extension.
Related links
COVID-19 Wage Subsidy
COVID-19 Leave Support Scheme
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What's the best way to keep grocery shopping bills down?
We are still feeling the pinch and the weekly shop is no different. So we are after your cost-saving tips please, neighbours!
What’s the best way you've found to cut down on your grocery bill? Share below (and hear tips from others!)
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Here's a riddle to round out your week.
Grandpa went for a walk, and it started raining.
He forgot to bring an umbrella and didn’t have a hat.
When he got home, his clothes were soaking wet, but not a hair on his head was wet.
How was this possible?
Do you think you know the answer to our daily riddle? Don't spoil it for your neighbours! Simply 'Like' this post and we'll post the answer in the comments below at 2pm.
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Urgent help needed for kittens & cats
Kittens & cats been dumped (family) mama & her different aged kittens around 3 to 7 months. Mama is not very old herself.
Need help fast SPCA cannot take them. 2 love pats & cuddles 2 love pats
1 injured. I cannot look after them. Is there a rescue place out there that can help. Please I’m desperate. Don’t want to have to put them down. Can come with food, bedding, climbing/beds unit, blankets. Dirt box. Cage. Need gone by 30th July. Not allow pets & I'm allergic. They live outside but do come inside