The $130 billion funding marks a third tranche of stimulus designed to limit the fallout of the coronavirus pandemic on the country’s economy.

Under the $130 billion plan, which was announced on Monday, businesses will be given the fortnightly wage subsidy to help pay their employee’s wages for at least six months while the business is put into ‘hibernation’.

People eligible to receive the $1,500 fortnightly payments include:
• Full-time workers
• Part-time workers
• Sole traders
• Casuals who have been with their employer for 12 months+
• New Zealanders on 444 visas
• Not-for-profit entities

Those seeking more information should talk to your Accountant.