Covid Update - 17 March 2022

Small Business Cashflow Scheme 

Applications for the ‘top up’ loan to the Small Business Cashflow Scheme will open on 21 March.  

Covid Support Payment 

The 2nd COVID-19 Support Payment (CSP) is now open. A 3rd payment will open on 28 March.  

The period of time each CSP will cover are:  

  • For the 1st CSP, businesses will need to show their income is 40% lower in a 7- day period any time between 16 February 2022 and 4 April 2022, compared to a typical week between 5 January and 15 February in either 2021* or 2022.  

  • For the 2nd CSP, businesses will need to show their income is 40% lower in a 7- day period any time between 7 March 2022 and 4 April 2022, compared to a typical week between 5 January and 15 February in either 2021 or 2022.  

  • For the 3rd CSP, businesses will need to show their income is 40% lower in a 7- day period any time between 21 March 2022 and 4 April 2022, compared to a typical week between 5 January and 15 February in either 2021 or 2022.  

* Originally the comparison period was restricted to 2022, however the Minister of Finance changed the rules to allow comparison with the equivalent period in 2021. This option is now available. 

Michael Parker