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  1. #31
    Member
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    Jul 2016
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    Quote Originally Posted by Entrep View Post
    He’s self employed
    Correct. No employees other than the idiot in charge!

  2. #32
    Senior Member
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    Nov 2013
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    COMVITA NEW ZEALAND LIMITED
    Employees: 16
    Paid $103,984.80

    http://nzx-prod-s7fsd7f98s.s3-websit...783/318581.pdf

    Strong online sales but claims wage subsidy, mmm?

  3. #33
    The Kid
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    Oct 2014
    Location
    Rotorua
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    394

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    Even the Txpayers Union are into it. Oh the irony. Coronavirus: Taxpayers' Union gives up 'ideological purity', accepts $60,000 in taxpayer wage subsidies

    https://www.newshub.co.nz/home/politics/2020/04/coronavirus-taxpayers-union-gives-up-ideological-purity-accepts-60-000-in-taxpayer-wage-subsidies.html

  4. #34
    Member
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    Sep 2002
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    456

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    PACIFIC EDGE LIMITED
    Employees: 26
    Amount: $182,769.60

    Hmmm... At least 30% drop in revenue...?

    That's not exactly the impression they gave in their last release about increased use of cxbladder in NZ....

  5. #35
    Senior Member
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    Nov 2013
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    797

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    TARAWERA PUBLISHING LIMITED
    6
    $42,177.60

    ssssshhhhh

  6. #36
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    Jun 2005
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    The problem with publishing this data in order to be "transparent" is that there's no contextual information provided; we don't know how the owners calculated a probably 30% drop in revenue (although let's fact it, in the circumstances that's not improbable). We now have media beatup's on organisation, heck my neighbours are busy vilifying every business they've visited once they have found out a subsidy has claimed.

    Personally, I'd avoid any judgement call on this.

  7. #37
    Member
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    Apr 2007
    Location
    North Shore, Auckland , New Zealand.
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    443

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    The Money is for 12 weeks and we don't know what is going to happen in the future.

  8. #38
    Senior Member
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    Dec 2001
    Location
    Wellington, , New Zealand.
    Posts
    1,081

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    If schools and ECEs remain closed, some parents will have to stay home regardless of the Level.

  9. #39
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    Dec 2004
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    Quote Originally Posted by Ogg View Post
    COMVITA NEW ZEALAND LIMITED
    Employees: 16
    Paid $103,984.80

    http://nzx-prod-s7fsd7f98s.s3-websit...783/318581.pdf

    Strong online sales but claims wage subsidy, mmm?
    Their NZ retail stores and tourist attraction would have been hard hit. Sales out of their Chinese warehouse will not help those who worked in retail in Auckland and Te Puke.

  10. #40
    The Kid
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    Oct 2014
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    Rotorua
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    Quote Originally Posted by Arthur View Post
    Their NZ retail stores and tourist attraction would have been hard hit. Sales out of their Chinese warehouse will not help those who worked in retail in Auckland and Te Puke.
    30% though?

  11. #41
    Member
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    Jan 2004
    Location
    Waimate, , New Zealand.
    Posts
    244

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    BLIS have no wage subsidy!
    Pat
    Prediction is hard even with the crystal ball.

  12. #42
    Senior Member
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    Nov 2013
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    797

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    9 Spokes International Limited.

    https://www.asx.com.au/asxpdf/20200416/pdf/44gzrkx4v86t74.pdf


    "No business impact from Covid-19 to date"

    But claims $240,000 in wage subsidies???

    How is this legal?

    This is a cloud based business with subscription revenue.

  13. #43
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    Mar 2020
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    In the trough
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    I'm a bit concerned about all 12 weeks being paid out in one lump sum. Let's face it, a lot of businesses are going to go under in the coming weeks...how many of those aren't going to pay out the full balance to their employees? Plenty of business would have been up to their eyeballs with liabilities and this tidy little payout will be a Godsend to buy them a little time, but will the funds end up going where they are supposed to?

  14. #44
    Advanced Member
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    Feb 2011
    Location
    Wellington
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    1,847

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    Quote Originally Posted by Ogg View Post
    9 Spokes International Limited.

    https://www.asx.com.au/asxpdf/20200416/pdf/44gzrkx4v86t74.pdf


    "No business impact from Covid-19 to date"

    But claims $240,000 in wage subsidies???

    How is this legal?

    This is a cloud based business with subscription revenue.
    If you read the release , it does say if the conditions for the subsidy are not met , they will have to pay it back .
    you are allowed to apply for it if you think you may be affected , if the worst doesn’t happen pay it back .

  15. #45
    ShareTrader Legend Beagle's Avatar
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    Jul 2010
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    Auckland
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    Quote Originally Posted by iceman View Post
    This is a bit of a grey area. It says you are eligible for the 12 weeks payment if your revenue for any of the months are at least 30% less than comparable period last year. And yes they are paying the 12 weeks in one lump sum.
    It seems like a very blunt instrument and eligibility criteria deliberately chosen so as not to be very onerous. Could actually be a net benefit to SUM for example. They've had to shut down construction for 4 weeks under the level 4 lockdown (about 60% of profit was from property development last year so they qualify for the one month of the level 4 lockdown) but they're paid for 12 weeks, even though for the remaining 8 weeks they're trading normally. It seems bizarre.
    No butts, hold no mutts, (unless they're the furry variety).

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