The Government has announced a new support payment The Resurgence Support Payment (RSP). Applications can be made in myIR from Tuesday 23 February 2021.
The RSP is available for businesses with at least a 30% drop in revenue or capital-raising ability over a 7-day period after the increased alert level due to a COVID alert level increase to level 2 or higher.
Businesses 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 experienced by the applicant.
The RSP will remain open for applications for one month after the return to alert level 1.