The government has activated the RSP (Resurgence Support Payment) for eligible businesses from 23 February 2021.
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 experienced 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 or capital-raising ability 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.
More information can be found here.