From: Warwick Hayes
Sent: Tuesday, 31 March 2020 9:42 AM
To: 'Stephen Ward'; Andy Matthews
Subject: RE: Covid-19 wage subsidy
Hi Stephen
I think it is clear that the Cable Car qualifies
… https://workandincome.govt.nz/products/a-z-
benefits/covid-19-support.html#null To qualify:
your business is registered and operating in New Zealand -
YES your employees are legally working in New Zealand -
YES the business has experienced
a minimum 30% decline in actual or predicted revenue over
the period of a month, when compared with the same month last year, and that decline is
related to COVID-19 –
YES, zero revenue
your business has taken active steps to mitigate the impact of COVID-19 –
YES it is closed you must retain the employees named in your application for the period of the subsidy. –
YES (I presume)
Regards
Warwick Hayes
Projects & CCO Manager | Economic & Commercial
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From: Stephen Wa
rd [mailto:[email address]] Sent: Tuesday, 31 March 2020 8:51 AM
To: Warwick Hayes; Andy Matthews
Subject: Covid-19 wage subsidy
My understanding of the wage subsidy is that, it’s for employers who don’t have the funds to
pay/retain staff due to loss in revenue. Given our significant cash reserves, this would be
difficult/impossible for us to argue. Other CCO’s may also be in a similar position.
“Before receiving a subsidy, employers must take measures to manage the implications of COVID-19 on
their business. These measures might include, but are not limited to, talking with their banks and drawing
on internal cash reserves”
What are active steps to mitigate the impact of COVID-19?
A business must take active steps to mitigate the financial impact of COVID-19 on their business. This
could include:
drawing from your case reserves (as appropriate)
activating your business continuity plan
making an insurance claim
proactively engaging with your bank
seeking advice and support from:
o the Chamber of Commerce
Sources:
https://workandincome.govt.nz/online-services/covid-19/declaration-wage-subsidy.html
https://workandincome.govt.nz/products/a-z-benefits/covid-19-support.html#null
Let me know what you think.
Ngā mihi nui
Stephen Ward | Acting Chief Executive
WELLINGTON CABLE CAR LIMITED
Level 4, 276 Lambton Quay, Wellington 6011, NEW ZEALAND
Post: PO BOX 25094, Wellington 6146, NEW ZEALAND
CELL:+
EMAIL: [email address]
WEB: www.wellingtoncablecar.co.nz
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