What you need to know

Business investment

Cash flow assistance for small and medium sized businesses

Targeted support for severely affected sectors, regions and communities

Household stimulus packages to drive cash into the economy

Targeted support for severely affected sectors, regions and communities

$1 billion has been committed to support sectors, regions and communities disproportionately affected by the economic impact of the coronavirus. Tourism, agriculture and education are specifically mentioned.

Initial measures include:

• Waiver of fees and charges for tourism businesses that operate in the Great Barrier Reef Marine Park and Commonwealth National Park 
• Additional assistance to help businesses identify alternative export markets or supply chains
• Measures to promote domestic tourism
• Further plans and measures will be developed with the affected industries and communities.

Administrative relief for certain tax obligations will also be provided, including deferred tax payments up to four months. The ATO will establish a temporary shop front in Cairns within the next few weeks to support the region's small businesses. Other initiatives to bring support to the communities are being considered.

More information

• Media Release - Economic Stimulus Package
  
• Press conference transcript
• Economic Response to the Coronavirus
• ATO Support measures to assist those affected by COVID-19

Contact us if you need any further information.