News Alert: Government Announces Stimulus Package

The Federal Government recently announced a $17.6 billion stimulus package to counteract the economic impact of Covid-19 (Coronavirus).

The package will provide small businesses and welfare recipients with a one-off cash payment, while also extending existing benefits such as the instant asset write off. The stimulus measures will be spread over this financial year and next to support the economy and avoid recession.

The key elements of the stimulus package can be found here.