Support for Individuals

JobKeeper Payment

The $70 billion JobKeeper Payment is a subsidy to businesses, to help keep more Australians in jobs and continue to earn an income.

Stimulus payments

Two separate $750 payments to social security, veteran and other income support recipients and eligible concession card holders.

Early release of superannuation

The Government will allow individuals in financial stress as a result of Coronavirus to access up to $10,000 of their superannuation in 2019-20 and a further $10,000 in 2020-21.

Child care fee relief

The Government will pay child care services that remain open and do not charge for care to help families to continue working and to ensure child care services keep their workers employed.

Support for Businesses

JobKeeper Payment

This will help business significantly impacted by Coronavirus to continue to pay their employees.

Increasing the instant asset write-off

Lifting the threshold to $150,000 (from $30,000) and making more businesses eligible to use it.

Backing business investment

Offering businesses a time-limited 15 month incentive to invest, by accelerating depreciation deductions.

Supporting apprentices and trainees

Wage assistance to help small businesses to keep their apprentices and trainees.

Assistance to business to keep people in a job

The Government is providing temporary cash flow support of up to $100,000 to eligible small and medium-sized businesses, and not-for-profits, so they can keep operating, pay their rent, electricity and other bills and retain staff.