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March 12, 2020 07: 27:56
Services will get up to $25,000 and instant tax relief, while welfare receivers will be qualified for one-off cash payments as part of the Government’s widely-anticipated multi-billion dollar coronavirus stimulus bundle.
Bottom line:
- About 700,000 organisations will have the ability to get cash payments of between $2,000 and $25,000
- The ABC comprehends there will likewise be cash payments targeted at well-being receivers to keep the economy shooting
- The move would be sensitive offered the dispute surrounding the Rudd Government’s worldwide monetary crisis cash-stimulus payments
The ABC comprehends the support bundle will deserve more than $15 billion, spread over this fiscal year and next.
The Prime Minister Scott Morrison and Treasurer Josh Frydenberg will reveal the details of their whole stimulus strategy today, to attempt to stop the economy moving into economic downturn.
The Government wants its plan to be short-lived an