The Government has thrown a lifeline to Auckland business operators hit hard by the destructive flood, announcing a $5 million business support package.
In a statement, Finance Minister Grant Robertson said the recent flooding has had a "devastating" effect on many business operators in the region.
"The flooding was sudden and could not be reasonably prepared for so it is expected that it will take a long time for many businesses to recover and start operating again."
Support package:
- $3 million for flood recovery payments to help significantly affected businesses.
- $1 million for mental wellbeing support through a boost to the First Steps programme.
- $1 million for small business advice focussed on business continuity and resilience.
Roberston said the package was developed alongside Auckland business leaders "so it reflects the needs they identified". He added more support will be considered if there's a need.
Minister for Revenue David Parker announced Inland Revenue will waive penalties for late payments for businesses in Auckland, Northland, the Bay of Plenty, Thames/Coromandel and Waikato.
"If taxpayers affected by the flooding and other weather-related damage contact IRD, it can waive penalties for late payments or late filing of returns," Minister Parker said.
"It can waive interest on late payments by taxpayers in Auckland, Northland, the Bay of Plenty, Thames/Coromandel and Waikato."
Minister for Small Business Ginny Andersen said the flooding has been "another blow" for businesses following the COVID-19 pandemic.
"This is a tough time, and in order to provide further support we are boosting funding for the business led First Step programme which provides targeted mental health support to small business owners."
