SMALL BUSINESS STIMULUS PACKAGE STAGE 1
The Australian government has brought in various tax relief packages for small business. Below are the details of the stage 1 package.
COVID-19 STIMULUS PACKAGE STAGE 2
The Federal Government has announced stage 2 of its economic plan to cushion the economic impact of coronavirus (COVID-19).
There are four parts to the economic plan listed below:
JOB KEEPER PAYMENT STIMULUS PACKAGE STAGE 3
Under the JobKeeper Payment, businesses impacted by the Coronavirus will be able to access a subsidy from the Government to continue paying their employees. Affected employers will be able to claim a fortnightly payment of $1,500 per eligible employee from 30 March 2020, for a maximum period of 6 months.