Covid-19 Resource Centre

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Covid-19 Resource Centre2020-04-16T01:53:52+09:30

Latest Insights from FinSec

We recognise that exploring the financial options and support available as a result of COVID-19 can be overwhelming. The below aims to provide a quick guide and links to the Federal and South Australian State Government announcements.

Package 1: COVID-19 STIMULUS 1

Announced: 12 March 2020
Amount: $17.6 billion

  • Increased instant asset write off.
  • Accelerated depreciation deductions.
  • Support for apprentices and trainees.
  • Targeted support for COVID-19 affected regions and communities.

Package 2: COVID-19 STIMULUS 2

Announced: 22 March 2020
Total: $66.1 billion

  • Support for individuals and households.
  • Assistance to business for keeping workers employed in their jobs.
  • Assistance to business to help them stay in business.

Package 3: JobKeeper SUBSIDY

Announced: 30 March 2020
Total: $130 billion

The package will operate as a wage subsidy of $1,500 per fortnight to be paid by the ATO directly to employers for each eligible employee who was employed on 1 March 2020. Note: Eligibility criteria does apply.

Support
for Businesses
Support for Individuals & Households
Support
for Credit Flow
Coronavirus SME
Scheme
JobKeeper Payment
Economic Overview: 31 March 2020
Fact sheets

Package 1: The Economic Business Growth Fund

Announced: 11 March 2020
Total: $350 million

  • current infrastructure projects to be brought forward
  • new projects for road maintenance, housing, tourism and health
More Information

Package 2: Jobs Rescue

Announced 26 March 2020
Total: $650 million

  • Relief from taxes and charges
  • A Business and Jobs Support Fund
  • A Community and Jobs Support Fund
  • Additional support to recipients of JobSeeker payments from Centre Link who also receive a State Government Cost of Living Concession
More Information

Quicklinks – Government Information and Rolling Updates

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