Updated
March 22, 2020 19: 09: 30
As Australia’s economy is left reeling from the flow-on effects of the coronavirus pandemic, the Federal Government has unveiled a suite of new measures designed to soften the blow.
The $66 billion package includes relief for retirees, and a “safety net” for workers already bearing the brunt of the crisis.
With no end in sight, it’s sure to be a welcome relief for those who’ve been calling for a lifeline.
But what do the new measures actually mean for your pay packet? And who is set to benefit?
1. Casuals and sole traders
If you’ve found yourself affected by the economic downturn, you’ll be able to access a “coronavirus supplement” of $550 a fortnight for the next six months.
That’s on top of other benefits — so if you’re already receiving payments through Jobseeker (formerly known as Newstart), you can claim both.
Sole traders and casual workers who are currently making less than $1,075 a fortnight will be eligible to receive the full supplement.
In practice, th