COVID-19 Resurgence Support Payment (RSP)
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.
The Resurgence Support Payment (RSP) is for viable and ongoing businesses or organisations with reduced revenue due to a COVID alert level increase to level 2 or higher. RSP has been introduced as part of the Government’s COVID support initiatives to help cover business expenses such as wages and fixed costs.
The Government has activated the RSP, applications for the payment will open for eligible businesses and organisations 7 days after the alert level increase.
When the RSP is activated, eligible businesses and organisations can apply to receive the lesser of:
- $1,500 plus $400 per fulltime-equivalent (FTE) employee, up to a maximum of 50 FTEs, or
- Four times (4x) the actual revenue drop experien
ced by the applicant.
The RSP will remain open for applications for one month after the return to alert level 1.
To be eligible for the RSP, a business or organisation must have experienced at least a 30% drop in revenue over a 7-day period after the increased alert level and meet other RSP eligibility criteria.
Applications will be able to be made through myIR and the current round of applications will close on 23 March 2021.
For access to all of our Covid-19 resources, check out the dedicated section on our website.