top of page
  • Writer's pictureTrent Carter

The Federal Government's economic stimulus package explained

Many small businesses across the country face economic uncertainty as the global coronavirus pandemic bites. In response, the Federal Government has moved to help support businesses through major economic stimulus initiatives. These include:

  1. Cash flow boost of up to $100K

  2. A JobKeeper subsidy to help retain jobs

  3. A 50% wage subsidy for apprentices and trainees

  4. Income support of $550 a fortnight for eligible sole traders and the self-employed

  5. Temporary relief from insolvency

  6. Increase to instant asset write-off scheme (now $150K)

We thought we'd share an article with you that provides a concise view of the package. For the most current and complete information on what's available, go to

Article: A small business guide to the economic stimulus package

From wage support and subsidies for apprentices to tax incentives, this article looks at the Federal Government economic stimulus package and what it means for SMEs in simple terms.

Call us if you want to talk

about the support options

that might be available to

you at this time.

10 views0 comments


bottom of page