10 September 2021
Resurgence Support Payment (RSP) Update
On Friday (10 September 2021) the Minister of Finance announced a second payment of the Resurgence Support Payment (RSP) for the Alert Level increase that started on 17 August 2021.
The New Zealand Chamber Network, and in particular the Auckland Business Chamber, provided leadership and advocated on behalf of businesses for this additional financial support, and we wish to thank the nearly 60,000 Chamber of Commerce members, and supporters from around NZ who signed the Resurgence Support Payment (RSP) petition. The Southland Business Chamber was proud to have led this petition across Southland.
The announcement said businesses will need to show a 30% or more drop in revenue in a 7-day period from 8 September until immediately before all of NZ returns to Alert Level 1 compared to a typical 7-day period in the 6 weeks before 17 August.
The payment will stay as $1,500 plus $400 per full-time equivalent (FTE) employee up to a maximum of 50 FTEs, or four times the actual revenue decline experienced by the applicant, whichever is less.
Applications will open for the second payment on Friday, 17 September on Inland Revenue’s website, ird.govt.nz. Businesses and organisations will be able to apply for the second payment even if they have received the first payment.
Applications for both payments will remain open until 1 month after the whole of Aotearoa New Zealand returns to Alert Level 1.
Reminder: The eligibility criteria also changed for newer businesses on 9 September 2021, for more information visit their website.