The Government is making changes to the Financial Markets Authority’s (FMA) levy to implement an increase in its funding. The funding decision, made through Budget 2020, involves increasing the FMA’s annual operating funding over the next three years.
The Government announced today it will provide interest free loans for a year to small businesses impacted by the COVID-19 response.
Many business have been unable to trade through Level 4 and some remain unable to re-open safely at Alert Level 3. By taking these measures needed to keep all of us safe, some small businesses have no revenue to meet fixed costs.