New Zealand: Wage Subsidy Extension

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Ministry of Social Development (10.06.2020) The Wage Subsidy Extension is an 8-week payment for qualifying businesses who have had a 40% decline in revenue because of COVID-19 for a continuous 30 day period compared to a similar period last year. The subsidy will be paid at a flat rate of: $585.80 for people working 20 hours or more per week (full-time rate) and $350.00 for people working less than 20 hours per week (part-time rate). The subsidy is paid as a lump sum and covers 8 weeks per employee from the date you submit your application. Applications opened on 10 June 2020 and close at 11:59pm on 1 September 2020. 

measures summary

The Wage Subsidy Extension is an 8-week payment for qualifying businesses who have had a 40% decline in revenue because of COVID-19 for a continuous 30 day period compared to a similar period last year. The subsidy will be paid at a flat rate of: $585.80 for people working 20 hours or more per week (full-time rate) and $350.00 for people working less than 20 hours per week (part-time rate). The subsidy is paid as a lump sum and covers 8 weeks per employee from the date you submit your application. Applications opened on 10 June 2020 and close at 11:59pm on 1 September 2020. 

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Wage Subsidy Extension

The Wage Subsidy Extension is an 8-week payment for qualifying businesses who have had a 40% decline in revenue because of COVID-19 for a continuous 30 day period compared to a similar period last year. The 30 day period must be in the 40 days before applying.

Applications opened on 10 June 2020 and close at 11:59pm on 1 September 2020.

Find out more about the Wage Subsidy Extension