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an employee notice of redundancy before you apply, you can't apply for those employees unless the redundancy notice is withdrawn.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
🧩😏 Riddle me this, Neighbours…
I am an odd number. Take away a letter and I become even. What number am I?
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Scam Alert: Bank cold calls
ASB is warning customers about reports of cold calls from scammers claiming to be from ASB. These scammers are trying to obtain personal information, including usernames, dates of birth, and verification codes sent to your mobile phone.
🛡️ The "Caller Check" Test
If you get a call from someone claiming to be from ASB and you’re unsure, just ask them for a Caller Check. You will then be able to verify the call through the app.
Remember, banks will:
❌ Never ask for your banking passwords, PINs, or verification codes
❌ Never need to know your full credit card number – especially the CVC
❌ Never ask you to download software or remotely access your device
❌ Never ask you to purchase gift cards or transfer funds.
If you have received a phone call and think your account has been compromised, call ASB on 0800 ASB FRAUD (0800 272 372), or visit your local branch.
Some Choice News!
DOC is rolling out a new tool to help figure out what to tackle first when it comes to protecting our threatened species and the things putting them at risk.
Why does this matter? As Nikki Macdonald from The Post points out, we’re a country with around 4,400 threatened species. With limited time and funding, conservation has always meant making tough calls about what gets attention first.
For the first time, DOC has put real numbers around what it would take to do everything needed to properly safeguard our unique natural environment. The new BioInvest tool shows the scale of the challenge: 310,177 actions across 28,007 sites.
Now that we can see the full picture, it brings the big question into focus: how much do we, as Kiwis, truly value protecting nature — and what are we prepared to invest to make it happen?
We hope this brings a smile!
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