Wage Subsidy

Updated: Apr 13

Wage subsidies will be available for all employers that are significantly impacted by COVID-19 and are struggling to retain employees as a result.

The scheme will be open to all businesses, including sole traders and the self-employed. 


Wage subsidies will be available for businesses in all sectors and all regions that can show a 30% decline in revenue for any month between January and June 2020 compared to the year before (including projected revenue).  


How to Apply


Download the Fact Sheet


Q&A


Shareholders

If I am a shareholder in a business, can I apply for the wage subsidy?

If you work for the business and you are paid a wage, salary or draw an income for the work you do for the business, you can apply for the wage subsidy.

If I work for a business where there are multiple shareholders, how do I apply for the wage subsidy?

The business you work for should make one application for all of its employees and shareholders who work for the business and are paid a wage, salary or draw an income for that work they do.

Which form do I use?

You can use the ‘employer’ form and the other shareholders if they are paid a wage, salary or draw an income for the work they do for the business, need to have their details entered into the employee section of the form.


Contractors

If I am a contractor, am I entitled to apply for the wage subsidy?

Yes. Contractors can apply for the wage subsidy using the ‘self-employed’ application, provided you meet the criteria.

How do I calculate whether I qualify for the part time or full-time subsidy if my income fluctuates?

Use an average of hours you worked per week over the last 12 months. If you have been contracting for less than twelve months then use the average for the period you have been contracting.

If this average is 20 hours or more, you can apply for the full-time rate, and if it’s under 20 hours you can apply for the part-time rate.


Leave Payment

(Employee is Sick with Covid-19 or caring for someone with it)

If your employee is diagnosed with COVID-19, do they have to use their accrued sick leave before they are eligible for the COVID-19 leave payment?

Employees do not need to use their sick or annual leave entitlement before you can apply for the COVID-19 leave payment – it can be applied for right away. You can have a conversation with your employee about whether they would prefer to use any accrued sick or annual leave first, rather than the COVID-19 leave payment as there may be cases where the employee would receive more through their own sick leave than the COVID-19 payment.


Do you have more Questions or want to talk about your specific case

Contact one of our Business Support Advisors

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