COVID 19 -RESURGENCE SUPPORT PAYMENT (RSP)
Intention: To provide support to viable businesses if the business is facing reduction in income due to an increase in alert levels from Level 1 to 2 or Level 3. This Scheme will be activated if the alert level last for 7 days or more. RSP is not guaranteed it has to be activated. It is possible that the Government could decide to activate the RSP multiple times if there are multiple alert level increases from level 1. Eligible businesses will be able to apply for RSP each time it is activated as long as eligible criteria are met.
Eligibility: A business 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. This decrease in revenue or capital-raising ability is compared with a typical 7-day revenue period in the 6 weeks prior to the increase to alert level 1.
Applications: This has been activated again following from the earlier one on 17 February 2021, you can apply through My IR as RSP is administered by IRD, the last day for application is 22 March 2021.
Payment: Eligible businesses and organisations can apply to receive the lesser of:
Restrictions: There are no specific restrictions other than that RSP must be used to cover business expenses such as wages and fixed costs (rent, insurance, power, etc)
Other: Other Covid 19 Government support payments do not affect eligibility for RSP.
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