My business applied for the original wage subsidy when applications first opened, and my 12-week payment will expire on 9 June 2020.
I am going to apply for the wage subsidy extension on 10th June 2020 when the applications open.
My financial results for the 30 days prior to 10 June have not been prepared, but I am confident I have a 50% drop in revenue.
I will be sure to check my financial results and confirm the reduction has actually occurred as soon as this information is available to me.
The financial results will be compared to the closest period last year but could be a day or two off because of weekends or public holidays.
I will keep evidence of the 50% drop in revenue, as well as the active steps I have taken to mitigate the impact of COVID-19, should these records be required by MSD in the event of an audit.
I am aware that if the 50% revenue drop does not occur in any 30 day period before the application period ends on 1 September 2020, that I would not have been eligible to receive the wage subsidy extension payment, and may be required to repay the funds back to MSD.
Once I have applied for the wage subsidy extension, I will retain all of the employees for whom I have applied for and make my best endeavours to pay them 80% of their normal wages.
I will always act in good faith to my employees and abide by any other requirements of the wage subsidy extension set out to me (likely by way of a declaration when you apply for the wage subsidy extension).