The Government has announced its second, $66 billion Economic Response to the significant challenges posed by the spread of the coronavirus.
This brings the total Government support for the Australian economy to $189 billion or 9.7% of GDP.
The latest package has three parts involving ten separate measures.
The first part is designed to support households – be they workers, retirees or others on income support with an unprecedented enhancement of Australia’s safety net.
The second part of the package sees a massive scaling up of support for small and medium sized businesses.
The third part of the package will provide a regulatory shield for what are otherwise profitable and viable businesses that find themselves under severe financial pressure as a result of the coronavirus.
Fact sheets on each of the ten measures:
For businesses on how and when you can apply for assistance go to: www.business.gov.au
Or call: 13 28 46
For individuals to accesses income support go to: www.servicesaustralia.gov.au
