PKF Kerikeri
MENU

COVID-19 Support (March 2022)


Find out what financial support you could access

You can use the COVID-19 financial support tool to find out what financial help may be available to you.

Financial support tool | covid19.govt.nz

 

COVID-19 Support Payment for businesses

The targeted COVID-19 Support Payment (CSP) is available for businesses struggling with revenue during the Omicron outbreak. The CSP is a payment to help support viable and ongoing businesses or organisations which have experienced a 40% or more drop in revenue due to COVID-19 circumstances.

  • Applications for the first payment are open from 28 February 2022 for the period beginning 16 February 2022 and ending 4 April 2022
  • Applications for the second payment are open from 14 March 2022 for the period beginning 7 March 2022 and ending 4 April 2022
  • Applications for the third payment are open from 28 March 2022 for the period beginning 21 March 2022 and ending 4 April 2022


Applications for all 3 CSP's close 5 May 2022.

Apply for the COVID-19 Support Payment | ird.govt.nz

 

If you need to get a COVID-19 test

If you or someone in your household are waiting for a COVID-19 test result and need to stay home, you may be eligible for the COVID-19 Short-Term Absence Payment. If you cannot work from home, your employer can apply to help pay you. You can also apply if you are self-employed. Your employer can get a one-off payment of $359. 

COVID-19 Short-term Absence Payment | workandincome.govt.nz

 

If you need to self-isolate

If you cannot work from home while you are self-isolating, you may be eligible for the COVID-19 Leave Support Scheme. Your employer needs to apply for you. You can also apply if you are self-employed. You may also be eligible for the scheme if you or someone you care for is at higher risk of severe illness from COVID-19. Your employer can get $600 per week if you work full time, and $359 per week if you work part time to pass on to you. 

COVID-19 Leave Support Scheme | workandincome.govt.nz

Extra help while self-isolating | workandincome.govt.nz

 

COVID-19 Small Business Cashflow Scheme (SBCS)

The Small Business Cashflow Scheme (SBCS) was introduced to support small to medium businesses and organisations struggling with a loss of actual revenue due to COVID-19. Applications are open until 31 December 2023.

In February 2022, the Government announced that the SBCS base loan would be increasing to $20,000 (from $10,000). This means that for new loans the amount that can be borrowed will be $20,000, plus $1,800 per full-time equivalent employee (up to 50 employees). The loan repayment period remains 5 years (60 months).

Existing borrowers will also benefit from this change as they will be able to apply for a top up loan of $10,000, plus any amount they were eligible for but did not take in their initial loan. This will be open for applications from 21 March 2022.

The first 2 years of existing and new loans will be interest-free provided the loan is not in default. Interest will apply at a rate of 3% per year on the remaining loan balance from the first day of the third year of the loan period.

This change will take effect from 21 March 2022.

Apply for the COVID-19 Small Business Cashflow Scheme | ird.govt.nz

Back