COVID-19 UPDATE – Wage Subsidy Extension
Wage Subsidy Extension
On 14 May the Government announced the Wage Subsidy Extension scheme as part of its COVID-19 Response and Recovery Fund. The scheme will be available for all employers, including sole traders.
The scheme is open for applications from 10 June until 1 September 2020.
Under the scheme, employers will receive a lump sum 8-week payment per named employee. The same weekly payment rates have been used for the Wage Subsidy Extension. They are:
- $585.80 (gross) per week for full-time employees, where full-time is 20 hours or more per week,
- $350.00 (gross) per week for part-time employees, where part-time is less than 20 hours per week.