Economic Stimulus Package 2020 Australia

Eligible employers can apply for a wage subsidy of 50 per cent of the apprentice s or trainee s wage for up to 9 months from 1 january 2020 to 30 september 2020.

Economic stimulus package 2020 australia. Australians to get 750 one off payments as part of scott morrison s coronavirus stimulus package certain australians will get 750 cash payments as part of the morrison government s 17 6 billion coronavirus stimulus package. The 2020 21 budget provides additional support in response to the economic effects of the coronavirus pandemic. 16 march government announces a 607m stimulus package including 402m to freeze household fees and charges until at least july 2021.

On 12 march 2020 the australian government announced an economic stimulus package in response to the coronavirus covid 19 pandemic. Where a small business is not able to retain an apprentice the subsidy will be available to a new employer that employs that apprentice. On 22 march 2020 the australian government announced a second package of measures.

A further 750 stimulus payment in july 2020 will also assist other lower income australians in bridging this period of financial difficulty. Sat 21 mar 2020 23 11 edt 13 08 edt prime minister scott morrison unveils a second federal stimulus package on sunday offering an additional 66bn worth of measures for the coronavirus hit. Bloomberg australia bloombergau march 11 2020 announced stimulus measures include.

Home federal budgets australia s coronavirus government stimulus package 2020 coronavirus government stimulus and support measures major stimulus and support measures in response to the coronavirus were released by the national government from 12 march 2020 and ongoing through 2020 21. The government s economic support package has provided timely support to affected workers businesses and the broader community and has kept australians in work and businesses in business. Budget 2020 was announced on 6 october 2020.