If your business has been impacted by Cyclone Gabrielle, you may be able to get support from your bank and/or the Government.
Here are some of the packages available to businesses across New Zealand:
$2,500 cash support available from Westpac
Westpac’s small business customers can apply for a $2,500 cash grant from the Small Business Flood Relief Fund. This also applies to businesses hit by the earlier Auckland floods. Visit the Westpac website and apply now.
$2,000 cash support available from ASB
ASB’s business and personal customers can apply for a one-off $2,000 cash payment for support. You’ll need to supply some evidence of the impact that Cyclone Gabrielle, or the recent flooding, have had on your operations. You can find out more and apply at the ASB website.
Support packages from other banks
Other major banks – including ANZ, BNZ, and Kiwibank – are offering businesses temporary overdrafts, zero-fee loan restructuring, interest only periods on loans, payment deferrals and other support. Get in touch with your bank to see what’s on offer.
Civil Defence payments
Anyone who has been displaced or can’t work due to Cyclone Gabrielle can apply for a Civil Defence payment. Eligibility is limited, so check the website for more information.
Flood recovery payments for Auckland businesses
Individuals, marae and community groups affected by this year’s extreme weather events in Auckland can apply for a grant from the Auckland Council Emergency Relief Fund. You can find out more and apply here.
Inland Revenue waives late payment penalties
Inland Revenue has announced it will waive late payment penalties for businesses unable to file or pay tax on time due to the recent extreme weather. More information here.
Support from your industry
The Ministry for Primary Industries (MPI) has announced funding to mobilise and coordinate recovery efforts for farmers, growers, whenua Māori owners and rural communities.
Many industry groups have emergency support information available on their websites:
We can help with securing funding and support
If you need assistance in demonstrating the impact of the weather events on your business, we can help. We can also complete funding applications on your behalf, and talk to the Inland Revenue about support for your tax situation.
We are thinking of you all as you face these momentous challenges.
From the Team at Capital Accounting
