The Australian Government today announced a second set of stimulus measures to support the Australian economy through the COVID-19 (Coronavirus) pandemic.
This additional support boosts the first round of stimulus measures, which were announced by the Government on 12 March 2020. Combined with the previous measures announced on 12 March 2020, the support now totals $189 billion across the forward estimates.
The Government is proposing to introduce relevant legislation this week, before the end of March, to provide further details on eligibility requirements for the relevant support.
Our comments below are based on the government’s announcements.