Important Update to the NZ Traffic Light Transition Payment

The Minister of Finance announced recently that the Government will provide financial support to businesses as they transition from the current COVID level system to the new Traffic Light system.

Businesses will be able to receive a one off transition payment of up to $24,000. 

The payment can be applied for using the resurgence support payment portal via myIR. Applications open on 10 December 2021.

The transition payment  consists of:

  • An initial lump sum payment of $4,000
  • $400 per full-time employee (FTE) 
  • Capped to a maximum of 50 FTE’s

How does your business qualify for the transition payment?

To qualify for the transition payment, businesses will need to show a decrease in revenue of 30% for one week during the period 3 October to 9 November 2021, as compared to a typical week’s revenue in the six weeks before 17 August 2021.

The current wage subsidy and resurgence support payment applications will remain open even though we will transition to the Traffic Light system.

Should you require more information or assistance applying for the Traffic Light transition payment please contact us.

Mike McNab 

Sanjay Kumar

Anit Patel       

Shane Browning

Alternatively, please contact us here so that we can arrange a time to call you back.

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What our clients say

Extremely professional and astute business advisors. Our businesses has benefitted and elevated to new horizons with DFK OGC by our side. Even when going gets challenging, they are open to seek subject matter experts. Anit Patel and his entire team are great highly recommended.

Sanjai Bagia

It’s not so big that you feel like just another number, but it’s also big enough that they can cover everything I need.  I feel comfortable with the fact that as my business grows, DFK OGC will be able to handle the demands that come with it.

Lee Chang Woo

The team at DFKOGC is incredibly knowledgeable and experienced in the field of accounting. They took the time to thoroughly understand our financial situation and provided tailored solutions that perfectly suited our business needs. Their attention to detail and accuracy in handling our accounts give us complete peace of mind. On behalf of Maungakiekie Golf Club, I wholeheartedly recommend DFKOGC to anyone in need of professional accounting services.

Hugo Littlejohn

DFK have supported us for many years and the service has been great across various partners.

MAHA Australia & New Zealand

My Company has been utilising the services of DFKOGC for many years and this itself speaks volumes for the excellent professional services rendered by them. I have been interacting with the DFKOGC team for the past 2 months and I have found them to extremely responsive, very professional and always willing to go the extra mile to service us.

Mary Abraham

We have been dealing with the team at DFKOGC since last 10 years and we have always found them to be very professional and supportive to all our accounting needs.They do have full range of professionals available in the team to cater for all the accounting related Services and very responsive to all the client requirements.

Munish Singla