The coronavirus (COVID-19) pandemic has led to an unprecedented public health emergency. Please take it seriously by following social-distancing measures and the advice of our medical experts.
What began and continues as a health crisis has quickly become an economic crisis. As restrictions are placed on our lives to protect us, our economy will take a significant hit. Businesses and jobs are at risk. Some businesses will close. Some jobs will be lost.
Federal Parliament in March 2020 approved a $66 billion stimulus package to support people through these troubling and difficult times. I voted to support these measures.
The measures approved in Parliament is targeted to help individuals, families and businesses in the coming months. I encourage you to read the summary below to see if you are eligible for these supports.
More measures will also be announced in the weeks ahead. I encourage you regularly to check the news and stay up to date with official health alerts, information about social restrictions and economic support packages. These are difficult times.
I take my responsibility as your representative very seriously and will do everything I can to make sure our communities have the support you need.
The federal Department of Health maintains up-to-date, easy-to-read alerts about the coronavirus emergency.
Go here for the latest official information on:
- what to do if you have symptoms
- ways to protect yourself and your family
- ways to limit the spread of the virus
Financial support from the government’s economic stimulus package is available for:
- business and not-for-profit organisations
Individuals and households
- Coronavirus supplement
- Household support
- Early access to superannuation
- Reducing minimum superannuation drawdown rates
- Reducing social security deeming rates
The government’s stimulus package for small business includes measures to:
- boost cashflow for employers
- increase the instant asset write-off threshold
- support apprentices and trainees
Supporting credit flow
Small and medium enterprises (SME) immediate cashflow
The Coronavirus SME Guarantee Scheme enables the federal government to provide a guarantee of 50 per cent to lenders to support new, short-term unsecured loans to small and medium business enterprises (SMEs).
The scheme will guarantee up to $40 billion of new lending.
The scheme operates from early April 2020 and will be available for new loans made by participating lenders until September 30, 2020.