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Eligibility for the Resurgence Support Payment

August 25th, 2021

Tasneem Mukadam, CA

As we cope with another lockdown in NZ, the Government are updating support measures for businesses and workers.

The Resurgence Support Payment assists small businesses to cover expenses such as wages and fixed costs, when there is a move to Alert Level 2 or higher for a week or more.

Applications for the alert level increase announced on 17 August will open at 8am on 24 August.

Eligibility criteria

1. A business or organisation must have experienced at least a 30% drop in revenue or a 30% decline in capital-raising ability over a 7-day period, due to the increased COVID-19 alert level.

2. Revenue is compared to a typical 7 day period in the 6 weeks prior to the change in alert level.

Eligible businesses and organisations can apply to receive the lesser of:

1. $1,500 plus $400 per full-time equivalent (FTE) employee, up to a maximum of 50 FTEs

2. four times (4x) the actual revenue decline experienced by the applicant.

3. The payment is not a loan, so it does not need to be repaid.

Tax intermediaries can apply for the RSP on behalf of their clients, so talk to us, we are here to help you.

For more information on the resurgence support payment and calculate the amount you would be entitled to, visit the Inland Revenue page.

We can help with your application. Get in touch.

Click to explore how we can help.

Tasneem Mukadam, CA

Lynch & Associates Limited

Email Tasneem Mukadam

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