COVID-19 Business Support

This afternoon the Prime Minister announced an additional $66 billion economic response package on top of the previous $123 billion stimulus package, bringing the total Federal Government response to $189 billion.

The package not just provides some certainty in an exceptionally uncertain world, but also provides some hope to our business community that they can hold on. The key areas of focus in the package include:

  • Boosting cash flow for employers
  • Temporary relief for financially distressed businesses
  • Increasing the instant asset write-off
  • Backing business investment
  • Supporting apprentices and trainees

Fact sheets and further detail on all Federal Government support measures announced here:

Tags: Business SupportCOVID-19