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message from the executive director

Good afternoon,

Finance Minister Grant Robertson today outlined a $12.1 billion package to support New Zealanders and their jobs from the global impact of COVID-19.

We are interested in your feedback on how your business is managing, and if this package is likely to help?

Please get in touch directly with me, as we are looking to share this with the Government. All feedback will be made anonymous.

Catherine Beard

027 463 3212 or cbeard@businessnz.org.nz

Government announces $12.1 billion support for New Zealanders and business

$500 million boost for health
$8.7 billion in support for businesses and jobs
$2.8 billion for income support and boosting consumer spending

Finance Minister Grant Robertson today outlined a $12.1 billion package to support New Zealanders and their jobs from the global impact of COVID-19.

“This package is one of the largest in the world on a per capita basis. It represents 4.0% of GDP and is more than the total of all three Budgets’ new operating spending in this term of Government put together.

“The global economic impact of COVID-19 on New Zealand’s economy is going to be significant, so we are acting now to soften that impact.

“Our first priority is the health and wellbeing of our people. The global spread of the virus has also disrupted economies across the world costing the jobs and livelihoods of countless families.|

“We don’t yet know what the full impact on New Zealand’s economy will be, however we do know it will cost us jobs and have a significant impact on business. We are moving quickly to help people stay in work and reduce the blow for business,” Grant Robertson says.

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Business support package welcomed

BusinessNZ Chief Executive Kirk Hope said the business continuity package announced by the Government will substantially help businesses keep operating through the period of the coronavirus outbreak.

He said the wage support and tax measures were well-focused on key areas of need:

Wage subsidies (applications via MSD)
$585 per week for full-time worker
$350 per week for part-time worker

Leave payment scheme (applications via MSD) - sick pay at $585 per week for full-time workers and $350 per week for part-time workers for those who contract Covid-19,  for 14 days for those self-isolating, and for the entire period of sickness for those who contract Covid-19.  This is for all employees, self-employed and contractors (but not for those who can work from home), if the business has had a 30% or greater decline in revenue due to Covid-19 month-on-month for any month between January and June 2020.

More ->>

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