An important message to our clients...
Hello {{first_name}},
It has been 15 months since we were at the highest level of lockdown! Although we are proud of such an awesome achievement, we understand the recent restrictions will come with different emotions. We must acknowledge the different levels of impacts this will have on our clients.
We have done this before and are confident that together we can navigate through this again.
Update from our office
In keeping with recent Level 4 restrictions, our physical office has closed and our team is now working from home. Until further guidance is provided, all in person meetings will be rescheduled to Zoom or by phone.
We want to ensure you have the support that you need, when you need it, so we will continue to operate remotely and will endeavor to respond to any of your queries at the earliest possible opportunity.
Financial Support
Just a reminder that as per previous lockdowns, there is government support available to help businesses and their employees to recover from the effects of COVID-19, some of which have been summarized below for easy reference:
WAGE SUBSIDY Available from 9am on 20 August for two weeks if your business is expected to experience 40% drop in revenue due to alert level 4. The subsidy is $600 per full-time employee and $359 for part-time employee. More information on this will be available by Work and Income in the next few days.
RESURGENCE SUPPORT PAYMENT Available to those businesses that incur a loss of 30% revenue over a 7-day period. Businesses can receive $1,500, plus an extra $400 per full-time employee (up to a maximum of 50 employees). Applications for the alert level increase announced on 17 August will open at 8am on 24 August. Click here for information on how to apply.
LEAVE SUPPORT SCHEME
Employers, including self-employed people, and employees need to meet certain criteria to apply for the Leave Support Scheme. Find out who can get the Leave Support Scheme here.
SHORT-TERM ABSENCE PAYMENT Available to businesses and self-employed people to pay their employees who cannot work from home while they wait for a COVID-19 test result. This includes employees on casual contracts.
SMALL BUSINESS CASHFLOW LOAN SCHEME
The Small Business Cashflow Loan Scheme provides assistance to firms employing 50 or fewer full-time equivalent employees. The maximum amount that can be borrowed is $10,000 plus $1,800 per full-time-equivalent employee and only one amount can be drawn down. More information on the Small Business Cashflow Loan here.
We are in this together
No matter how significant the impacts of COVID-19 has been on your business, we are here to help. If you are in need of assistance feel free to reach out to your Client Manager or use one of the our communication methods in our website.
Stay safe everyone. Kind regards,
The Team at SME Financial
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SME Financial Ltd. (09) 366 7025
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