05 June 2020
We have been advocating for some time for help for businesses across our region, to resolve disputes over commercial rent issues during covid-19. We are supportive of the approach taken by Justice Minister the Hon Andrew Little which will require a fair reduction in rent for businesses who have 20 or fewer full-time staff at each leased site. There is also a subsidy up to $6k if you need to go to arbitration. You can read more here.
The Government are considering the move to alert level 1 on the 8th of June. The Prime Minister has announced ten golden rules at level 1, and you can find out more here.
Terms for a trans-Tasman bubble are becoming clearer and could start with travel between NZ and the states of NSW and Victoria. The expert group working on the bubble say those states that are ready should join the bubble first, hopefully in time for school holidays in July. This would be a major boost to tourism and business activity in both NZ and Australia. A new Australian travel survey indicates Australians’ are keen to come to NZ as soon as possible with over 75% of Australians who are aware of the proposed trans-Tasman bubble and around 40% expect to travel internationally in the next year, with NZ the most likely destination.
The Government’s new 12-week temporary payment to support New Zealanders who lose their jobs from 1 March until 30 October due to covid-19 is welcome. This is available from 8 June, and you can find out more here.
Applications for Government small business loans of up to $100,000 are available until 12 June for eligible businesses to help with cash flow. You can find out more here.
The covid-19 extension to the wage subsidy opens for applications on 10 June. This is designed to support employers who are significantly impacted by covid-19 after the wage-subsidy ends. You can read more here.
We would like to encourage you to take part in the Deloitte – Chapman Tripp Election Survey which is run through BusinessNZ. This influential survey conveys to politicians, media and the public the interests and concerns of the business community. Please use OSEA followed by the name of your business as your code. You can start the survey here.
As always any feedback is welcome.
Ngā mihi nui \ with kind regards,
Virginia Nicholls | CEO | www.osea.org.nz