The Covid Resurgence Payment will also be reinstated if the country remains above Level 1 for a week or more. Applications for the alert level increase announced on 17 August will open at 8am on 24 August. How the RSP works: 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. Once activated, any business in New Zealand that has experienced a 30% drop in revenue or capital raising ability over a 7 day period as a result of the alert level increase would be eligible (subject to all other criteria being met). When the RSP is activated, eligible businesses and organisations can apply to receive the lesser of: $1,500 plus $400 per full-time equivalent (FTE) employee, up to a maximum of 50 FTEs Four times (4x) the actual revenue decline experienced by the applicant. Find out more information by clicking here …
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