Roadmap of the Government’s Current Stimulus Packages
Support for Individuals and Households
- Income Support for individuals – Coronavirus supplement
- Payments to support households
- Temporary early release of superannuation
- Temporaririly reducing superannuation minimum drawdown rates
- Reducing social security deeming rates
Support for Businesses
- Boosting Cash Flow for Employers
- Temporary relief for financially distressed businesses
- Increasing the instant asset write-off
- Backing business investment
- Supporting apprentices and trainees
- Support for Coronavirus-affected regions and communities
Supporting the Flow of Credit
- Coronavirus SME Guarantee Scheme
- Support for immediate cash flow needs for SMEs
- Quick and efficient access to credit for small business
- Reserve Bank of Australia – Supporting the flow and reducing the cost of credit
- Support for non-ADI and smaller ADI lenders in the securitisation market
- Australian Prudential Regulation Authority – Ensuring banks are well placed to lend
- Support for the aviation industry