AANZ 2020 Summit

We are holding it near Auckland at the beautiful Hunting Lodge Winery in Waimauku on Thursday 5 and Friday 6 November.

It will be anchored in the theme Being the Best Kiwi Angel Investor You Can Be 

We are all kinds of excited about the speakers and sessions we are lining up. Cute story… Bridge and John O’Hara were flying back from Dunedin, sitting together chatting about the summit programme and a head popped up from the seat in front. Animation Research’s Ian Taylor apologised for eaves dropping but wondered if he could help!! He was just fantastic at the Waiheke Summit in 2017 so we’ve asked him back and he’s going to talk to us about why “this is the time to be thinking differently”.

Of course we caveat our excitement with the acknowledgment that holding the summit in person is dependent on keeping that gnarly virus in check. Should things go pear shaped and we have to pull the pin, then we will go virtual.

Register here

 

NZ startup submission to government

Startups will play a critical role in New Zealand’s economic revival.

Kiwi startups are our country’s powerhouse of problem solvers.

 

Startups are responsible for at least half of all new jobs created and in some economies, up to 90% of new jobs created. They are a source of incredible inspiration and are executing on a vision of New Zealand as a world leader creating a sustainable economy generating exponential value and impact.

The submission sets out how the startup community believes it can help with New Zealand’s economic revival.

So many people provided help and support, advice and insight. Over 50 organisations were part of the collaboration!! And how wonderful that there are so many people who care about making our world hum.

And of course the submission is really only the start in lots of ways. It reflects lots of conversations we have been having, and will have, in the coming months. It’s a catalyst for discussion and debate. The Startup Leadership Group provides a great forum for this and so do other forum’s like the Global Entrepreneurship Network, Startup Weekends and others.

Onwards!

Submission

Startup Investment Magazine April

The sun always comes up.

Providing articles to read Suse Reynolds, Anand Reddy, Bruno Bordignon, Dana McKenzie and Debra Hall.

Read here

COVID19 Package – application to startups

COVID-19 – Government Stimulus Package – Guidance and Comment
Important update 31 March 2020.

Thanks again to the team at Avid.legal for pulling this together.

On Friday 27 March 2020 the government announced:

1. significant changes to the Wage Subsidy, and
2. that it has ended new applications under the Leave Payment Scheme.

On Saturday 28 March 2020, the government published a further clarification to the changes it introduced to the Wage Subsidy.

These changes render some of the information in our 24 March 2020 update (further below) void for new applications.

 

Most significantly, a revised declaration now applies to the Wage Subsidy for applications made after 4pm on Friday 27 March 2020. You can review the revised declaration here: https://workandincome.govt.nz/online-services/covid-19/declaration-wage-subsidy.html

These changes will have a significant impact on how some businesses may use the Wage Subsidy and how it fits in with wider coping strategies compared to businesses who applied before the cut-off. Changes include (but are not limited to) applicants agreeing to:

  • not make any changes to any obligations under an employment agreement (e.g., remuneration, hours of work and leave entitlement) without the written agreement of the employee;
  • retain the employees named in the application as employees for the period the employer receives the subsidy in respect to those employees;
  • not unlawfully compel or require any of the employees named in an application to use their leave entitlements for the period the applicant receives the subsidy in respect of those employees;
  • only use the subsidy for the purposes of meeting the named employees’ ordinary wages and salary (and the employer’s obligations in relation to the subsidy);
  • remain responsible for paying named employees’ ordinary wages and salary for the period the employer receives the subsidy;
  • for the period the subsidy is received:
    • use best endeavours to pay at least 80 per cent of each named employee’s ordinary wages or salary; and
    • pay at least the full amount of the subsidy to the named employee; but
    • where the named employee’s pre COVID-19 remuneration was ordinarily less than the subsidy (i.e. less than $585.80 or $350), pay the named employee that amount.

Other new aspects of the declaration include some strict requirements about:

  • needing to discuss the application with named employees before making the application;
  • obtaining named employees’ consent to including their details in the application for MSD to use and share (ideally in writing); and
  • advising named employees that they have the right to request access to all information held about them under the Privacy Act, and that they can contact [email protected] to make a request.

Maintaining good processes and record keeping will be critical. The increased requirements in the declaration must be carefully worked through before submitting an application. Businesses should pause and ensure they can established that they comply. Businesses may be subsequently audited. If a business cannot establish that it was eligible, or that it adhered to the conditions set out in the declaration, the business risks being required to repay the subsidy and potentially criminal sanctions.

Lastly, payment-processing times have reportedly slowed. If your claimed amount has not been paid within a week, it is worth calling MSD.

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Lead Partners

NZTE NZGCP PWC Callaghan Innovation

Expert Partner

AVID “Jarden” Baldwins Beca

AANZ Summit Sponsors

“UniServices” Kiwinet “AWS” “BNZ” “Momentum”