Government Stimulus Measures to Combat Economic Effect of COVID-19
Federal Government Measures: The Government has released an updated stimulus package aimed at easing the cost of retaining staff during this difficult period. The features of the stimulus measures being taken by the Government are as follows: Relief for Small Businesses: Boosting Cash Flow for Employers: The main feature of the stimulus package is in the form of a credit payment made to the activity statement account of businesses with employees. This amount is equal to 100% of the PAYG…