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Delays to response times: It is taking longer than usual for us to answer calls and myIR messages. This is because of the demand for COVID-19 business support, and the impact COVID-19 is having on our teams. We appreciate your patience and will respond as soon as we can. If possible, please contact us through your myIR account. Log in to myIR

COVID-19 Support Payment (CSP): Applications for the CSP are now closed. Due to the large number of applications for the CSP, there may be a delay in approving some applications. Find out more about the CSP

Budget 2022: The Government has announced Budget 2022, which includes changes to child support payments. Find out more on our Tax Policy website

Budget 2022: The Government has announced a Cost of Living Payment, which will be paid from 1 August 2022. You do not need to apply for this payment. If you are eligible, we’ll pay it into your bank account. Find out more

The maximum size of the RSP your business or organisation may have been eligible to apply for, depends on the number of full-time equivalent employees (FTEs) you had, and your level of revenue.

The 1st - 4th RSP for 17 August alert level rise was calculated as $1,500 plus $400 per FTE (up to 50 FTE). The maximum payment was $21,500. Sole traders could receive a payment of up to $1,900.

The 5th and 6th RSPs were calculated at an increased rate of $3,000 plus $800 per FTE (up to 50 FTE). The maximum payment was $43,000. Sole traders could receive a payment of up to $3,800.

The 7th RSP, known as the Transition Payment was calculated at an increased rate of $4,000 plus $400 per FTE (up to 50 FTE). The maximum payment was $24,000. Sole traders could receive a payment of up to $4,400.

  • Employees regularly working up to 20 hours per week are considered part-time (0.6 FTE).
  • Employees regularly working 20 hours or more per week are considered full-time (1.0 FTE).

Businesses with low revenue had their payment capped for the 1st to 4th RSPs at 4 times (4x) the amount their revenue has dropped over the 7-day affected period. For the 5th, 6th and 7th RSP, this is 8 times (8x) the actual revenue drop over that period.

For example, if your business has 3 FTEs, they would, subject to the low revenue cap, be entitled to $2,700 ($5,400 for the 5th or 6th payment). However, if their revenue drop was $500, their RSP payment would be limited to $2,000 (or $4,000 for the 5th or 6th period).

Calculating your drop in revenue

Last updated: 09 Nov 2021
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