![Nine To Noon artwork](https://is5-ssl.mzstatic.com/image/thumb/Podcasts123/v4/5e/ab/ea/5eabea8f-28c5-652c-5215-9b8a19576e0c/mza_1868718965543717326.jpg/100x100bb.jpg)
Wage subsidy scrutiny: Are some businesses rorting the system?
Nine To Noon
English - April 30, 2020 21:30 - 14 minutes - 13.1 MB - ★★★★★ - 8 ratingsNews Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Previous Episode: Pharma Covid-19 plea to government 'let us help'
Next Episode: Wage subsidy alternative 'student loan style'?
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.