Business

Next wage subsidy round to reach 40,000 more businesses

18:13 pm on 5 June 2020

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An extra 40,000 struggling businesses will be able to access the next round of the wage subsidy scheme following a drop in eligibility requirements.

The current wage subsidy scheme runs out on Monday, having paid out nearly $11 billion to cover 1.6 million jobs.

A new round of payments will be made available next week, with 230 thousand businesses forecast to take up the offer.

Nita Blake-Persen has this update.