Parliament to rush through Covid-19 business support laws today - News Summed Up

Parliament to rush through Covid-19 business support laws today


Photo: Getty ImagesParliament will this afternoon rush through legislation giving effect to the Government's Covid-19 Resurgence business support payment scheme. At level 2, eligible businesses would be entitled to the resurgence support payment – a one-off cash injection to help businesses impacted by the lockdown. To get the payment, businesses would need to have had a 30 per cent or more drop in revenue over a seven-day period. Businesses which need additional support can apply for the small business cashflow and the business finance guarantee schemes. And to get the payment, businesses must have suffered a 40 per cent drop in revenue due to the lockdown.


Source: Otago Daily Times February 15, 2021 23:03 UTC



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