Yesterday, the Department of Finance announced details for:
- CEWS periods 14, 15 and 16; and
- CERS periods 7, 8 and 9.
These periods relate to:
- March 14 to April 10;
- April 11 to May 8; and
- May 9 to June 5.
The actual calculations will remain unchanged.The reference periods will continue to use either of the two months ended prior to the end of the relevant period (e.g., February or March, 2021 for CEWS period 14/CERS period 7).
However, rather than comparing March, 2021 and later months to the same calendar month one year ago, March, 2021 and subsequent months will be compared to the same calendar month in 2019.
An additional option for baseline remuneration calculation in respect of the final 3 periods was also added.
Press Release Backgrounder Draft Legislation
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