Weekly Digest – 10 March 2022

Weekly Digest – 10 March 2022

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Isolation Period Reduced to 7 Days

The isolation period for COVID-19 cases and their household contacts is reducing to one week, down from 10 days.  Recovered cases won’t need to self-isolate if they become a household contact within 90 days – an increase from the current 28 days – after having the virus.

ANZ: Inflation Forecasted to Hit 7.4% in Q2

The ANZ bank said it now expects annual headline inflation will peak at 7.4% in the second quarter, as the war in Ukraine sends commodity prices skyrocketing.

KPMG: NZ Banks Made Over $6 Billion in 2021

New Zealand banks collectively made more than $6 billion in 2021, according to the Financial Institutions Performance Survey report by KPMG.  Net profits rose nearly 48% last year to hit $6.13 billion– the first time it had gone over the $6-billion mark since KPMG began monitoring the sector.

Change in Leave Support Scheme

The Leave Support Scheme is now a weekly payment, instead of a two-week payment amid the change in the periods of self-isolation.

This scheme is available to employers and the self-employed to help pay their employees who have been advised to self-isolate because of COVID-19 and can’t work at home during that period.

The COVID-19 Leave Support Scheme is paid at the rate of:

  • $600.00 a week for full-time workers who were working 20 hours or more a week.
  • $359 a week for part-time workers who were working less than 20 hours a week.

You can learn more about it here.

Get in touch

Contact us if you have any questions or want to discuss the next steps for your business.

The post Weekly Digest – 10 March 2022 appeared first on Universal Content Master.

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