If you’re a business or organisation that experienced a revenue drop of at least 30% due to the recent rise in COVID-19 alert levels, you may be eligible for a Resurgence Support Payment.
It’s not a loan and doesn’t need to be paid back.
What is a Resurgence Support Payment?
A Resurgence Support Payment may be activated if the alert level increases from Level 1 for a week or more.
Businesses and organisations will be eligible if they experience a 30% drop in revenue over a 7 day period after an alert level increase and meet other eligibility criteria. This drop is compared to a typical 7 day period in the 6 weeks before the increase in alert level. The decline in revenue must be a result of the specific alert level change, not just COVID-19 in general.
You must have been in business for at least 6 months to be eligible. Charities, not-for-profit organisations, the self-employed and pre-revenue businesses, such as start-ups, may also be eligible.
This payment is not a loan, so does not need to be repaid. The payment must be used to help cover business expenses such as wages and fixed costs.
Applications will remain open for 1 month after the return to Alert Level 1. The current round of applications will close on 23 March 2021.
You can apply for a resurgence support payment through myIR.
If your businesses doesn’t have a myIR account, you will need to create one to apply.