Cyclone-Affected Businesses Will Begin Receiving Payments From The Government’s $50 Million Relief Package Within A Week

Cyclone-affected businesses will begin receiving payments from the Government’s $50 million relief package within a week according to Finance Minister Grant Robertson. Grant Robertson says the package totally $300 million is expected to include discretionary funding for flood recovery, business continuity, and support for resiliency and mental wellbeing for businesses and the primary sector. Tax relief, including interest write-offs and filing date waivers, would also be provided to those in cyclone affected regions. The package is intended to provide businesses with quick, easy cash flow to address immediate needs in the wake of Cyclone Gabrielle. Mr Robertson stressed the disaster had had an “enormous impact” and the interim funding would give both businesses and the Government time to consider what longer term support was needed. He says there will be a rolling maul of announcements on cyclone recovery.