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an employee notice of redundancy before you apply, you can't apply for those employees unless the redundancy notice is withdrawn.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
BLOCKHOUSE BAY COMMUNITY MARKET THIS SATURDAY MORNING!
1st MARKET BACK FOR 2O26! WE'RE BACK AND WILL BE AT GREENBAY COMMUNITY CENTRE BEHIND NEW WORLD OR ON BARRON RD OFF VARDON RD AS BHB CENTRE IS HAVING AN UPGRADE. CANT WAIT TO SEE YOU THERE!
Even Australians get it - so why not Kiwis???
“Ten years ago, if a heatwave as intense as last week’s record-breaker had hit the east coast, Australia’s power supply may well have buckled. But this time, the system largely operated as we needed, despite some outages.
On Australia’s main grid last quarter, renewables and energy storage contributed more than 50% of supplied electricity for the first time, while wholesale power prices were more than 40% lower than a year earlier.
[…] shifting demand from gas and coal for power and petrol for cars is likely to deliver significantly lower energy bills for households.
Last quarter, wind generation was up almost 30%, grid solar 15% and grid-scale batteries almost tripled their output. Gas generation fell 27% to its lowest level for a quarter century, while coal fell 4.6% to its lowest quarterly level ever.
Gas has long been the most expensive way to produce power. Gas peaking plants tend to fire up only when supply struggles to meet demand and power prices soar. Less demand for gas has flowed through to lower wholesale prices.”
Full article: www.theguardian.com...
If even Australians see the benefit of solar - then why is NZ actively boycotting solar uptake? The increased line rental for electricity was done to make solar less competitive and prevent cost per kWh to rise even more than it did - and electricity costs are expected to rise even more. Especially as National favours gas - which is the most expensive form of generating electricity. Which in turn will accelerate Climate Change, as if New Zealand didn’t have enough problems with droughts, floods, slips, etc. already.
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