The Government yesterday released a second, far reaching $66.1 bn stimulus package that boosts income support payments, introduces targeted changes to the superannuation rules, provides cash flow support of up to $100,000 for small business employers, and relaxes corporate insolvency laws.
The stimulus measures are not yet legislated. Parliament will reconvene on Monday 23 March. The Prime Minister has warned that there are no “quick solutions” and that business should prepare for 6 months of disruption.
