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Wellington, December 11, 2021
Revenue Minister David Parker has announced that the One-Off Transition Payment to businesses experiencing 20% drop in revenue has begun.
He said that the transition money was activated on December 10, 2021 through the Resurgence Support Payment (RSP) system criteria.
“We encourage eligible businesses to apply through Inland Revenue. In addition, the Resurgence Support Payments numbers four to six also remain open for applications until January 13, 2022. This payment helps businesses with their fixed costs,” he said.
He said that the government has thus far paid $2.2 billion to businesses under the RSP system. Combined with the Wage Subsidy Scheme, the amount paid to businesses and employers since the outbreak of Delta Variant (August 18, 2021) is more than $6.9 billion.
Other relief payments
Support to be off work while isolating or to take leave while waiting for test results, currently provided by the Leave Support Scheme (LSS) and the Short-Term Absence Payment, will remain available under all levels of the traffic light system.
However, the LSS will move to a weekly payment rather than fortnightly under the new system, reflecting the changed isolation period.
Finance Minister Grant Robertson said that the government is moving away from the broad-based economic support provided under the Alert Level System.
“This is because, at all levels of the new framework, most businesses will be able to operate at almost full capacity. We will monitor any economic impacts the new system may be having on businesses. I expect to report back to Cabinet in early 2022 on this and will make recommendations for support as necessary,” he said.
Businesses can apply for this payment through their MyIR account.
Further information can be found on the Inland Revenue website.
