1 May 2020

Wage subsidy scrutiny: Are some businesses rorting the system?

From Nine To Noon, 9:30 am on 1 May 2020

The wage subsidy scheme has reached its half way point, and nearly 1.6 million New Zealanders are being supported at a cost of $10 billion.

The broad-stroke scheme supports businesses experiencing a 30 per cent decline in actual or predicted revenue for the first six months of this year to pay employees they might otherwise have to let go.

Family trusts, private schools, churches, retirement villages and law firms have all successfully applied.

But has the scheme been set up so broadly, that companies who aren't in a bad financial spot to benefit?

Kathryn talks to Dr Michael Gousmett, a researcher and public historian who specialises in the non-profit sector and Kirk Hope, CEO of BusinessNZ.