Economic Response - Stimulus Package information for industry
Economic Response to COVID-19
The Federal Government has announced a $17.6 billion economic stimulus package to counter the economic downturn caused by the impact of COVID-19. The package is targeted at maintaining consumer confidence, supporting business investment and keeping people in work. It includes measures that extend to primary industry businesses.
It is focused on providing relief over the next 3 months, in the belief that the impact of COVID-19 will be temporary. However, it is scalable, enabling the government to expand on these measures and add new measures if the situation intensifies over the next few months.
Greenlife Industry Australia has welcomed the support for business acknowledging that the industry is already under pressure from the prolonged hardship of drought and in some regions, bushfires and floods. The measures in yesterday's stimulus package will benefit industry businesses and some households.
An information summary has been prepared for Members HERE.
If you have any questions regarding the information, please contact Peter Vaughan on (02) 8861 5100.