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.
- Scott St John Will Step Down From The Fonterra Board, Effective From March Next Year
- A Big Celebration For The Dairy Women’s Network In Waikato Today As The Organisation Turns 25
- Snack-Sized Apple Business Rockit Global Is Expanding Into The South Island To Build Its Growing Base
- Newly Minted Agriculture And Trade Minister Todd McClay Plans To Visit India In The Next Fortnight
- A $600 Million Solar Farm Planned For The Mackenzie Basin Will Power Up To 100,000 Homes