The Government has released a second, far reaching $66.1 bn stimulus package that boosts income support payments, introduces targeted changes to the superannuation rules, provides cash flow support of up to $100,000 for small business employers, and relaxes corporate insolvency laws. The stimulus measures are not yet legislated.
The Prime Minister has warned that there are no “quick solutions” and that businesses should prepare for 6 months of disruption.
For more information on the stimulus package, view our March Newsletter.