The Resurgence Support Payment (RSP) is a payment designed to support businesses when alert levels rise above level 2 for seven days or more. The govt has activated the RSP and it is now available to apply for through myIR until the 22nd of March 2021. It is a one-off payment that can help support you with fixed costs associated with running your business.
The government could decide to activate the RSP multiple times and you can apply for it each time, providing you are eligible.
Are you eligible? You must meet all the following criteria to be eligible:
- Applicants must have experienced a decrease of revenue or capital-raising ability of at least 30% due to the increase in alert level.
- Businesses and organisations (including sole traders) must have been in business for at least 6 months.
- The business or organisation must be considered viable and ongoing.
- Businesses or organisations with common ownership (commonly owned groups) must apply as one group and the revenue drop test is measured across the group as a whole. If the group meets the revenue drop test and the other eligibility criteria, it would be entitled to a single payment based on the number of employees in the whole group (up to a maximum of 50 full-time equivalent employees).
- Charities and not-for-profit organisations may be entitled to the RSP, provided they meet the other eligibility requirements.
- State sector organisations are excluded from the RSP but can apply to the Minister of Finance for an exemption to apply for the scheme.
- Income that is received passively – such as interest and dividends, and all forms of residential and commercial rent – is excluded from the measurement of revenue.
If you are eligible, you can apply to receive the lesser of:
- $1,500 plus $400 per full-time equivalent (FTE) employee, up to a maximum of 50 FTEs
- four times (4x) the actual revenue drop experienced by the applicant.