JobKeeper payment for employees
Assistance for eligible businesses to cover the costs of their employee's wages
Income support for Individuals
Reduced means testing and reduced waiting times for eligible recipients of income support payments, along with the Coronavirus supplement of $550 per fortnight
Payments to support households
The Government is providing two separate $750 payments to social security, veteran and other income support recipients and eligible concession card holders.
Temporary early release of superannuation
Access to up to $10,000 of an individual's superannuation in 2019-20 and a further $10,000 in 2020-21 for those affected by the Coronavirus
Temporarily reducing superannuation minimum drawdown rates & reducing social security deeming rates
Reduction in the minimum drawdown rates for account based pensions, reducing or eliminating the need to sell investment assets to fund minimum drawdown requirements.
Reduction in social security deeming rates benefiting around 900,000 income support recipients.