The following is a broad summary of the key aspects of the Federal Government’s stimulus package in response to the Coronavirus, as recently announced and enacted. The summary is based on information currently available on the Treasury website (refer to “Economic response to the Coronavirus”), as well as various Bills introduced into Parliament (and…Read More

1. Income support for individuals From 27 April 2020, the Government will introduce a Coronavirus supplement of $550 per fortnight (payable to individuals currently receiving certain eligible income support payments) and will also temporarily expand access to certain income support payments, over a six-month period. The Government will also provide two separate $750 tax-free payments…Read More

  In an effort for Australia to withstand the economic impact of the Coronavirus, The Australian Federal Government has introduced a stimulus package which will benefit Australian businesses. The stimulus package for businesses is made up of two main components. These two components are Delivering support for business investment and Cash flow assistance for businesses.…Read More