They'll all get a minimum of $20,000 - 10 times the amount announced previously.
This is expected to help some 690,000 businesses employing about 7.8 million people, along with 30,000 not-for-profits who weren't previously set to receive the cash flow injection. It will inject an extra $25.2 billion into the cash flow of businesses, on top of the $6.7 billion already announced.Businesses can borrow up to $250,000 unsecured with the government's backing and won't have to make repayments for the first six months.
The measure won't apply to existing customers refinancing, who will already get a six-month freeze on repayments under steps the banks announced on Friday. The first package, worth $17.6 billion, included cash for pensioners and people on welfare, wage subsidies for apprentices and expanded tax breaks for businesses buying new equipment.Another $25.
Numerous people can no longer travel to work and put food on the table, me starting today. It would have been better to isolate only the sick and elderly and let business operate in a controlled manner. Australia won't last 2 months with these restrictions!
So dole bludgers get more money while I get nothing why?
Most of the business are doing well due to coronavirus, which you can see in their shelves and their stocks. I can understand that service business is suffering. Why this idiot is considering every business same for 'Economy Crisis'.
How many weeks can most SMEs survive before running out of cash? If you deliberately prolong the period, it will almost be certain not to change many of theirs destiny. The package won’t work without tougher measures.
Where’s all this vast amount of money suddenly coming from? Labs couldn’t get adequate medical funding, now suddenly have bucketloads. They haven’t got money for public schools, increasing Newstart or pensions but now we’ll toss hundreds at you. The BS meter is off the charts.
Anyone who can play the banjo deserves 4 stimulus packages.
In some way this is poetic justice, the way he shut down essential services when he first took on the role as PM, that constant smirk about the mythical surplus he was going to achieve at the expense of mental health etc. Now he is in the spotlight with everything he does/says.
So other countries are looking to supplement the populations income to get through this and we get permission to access money meant for our retirement? Essentially just moving the pressure for a few years?
And still waiting....
Just imagine how better off we would be if you had shut the border weeks ago.......
Start jailing Westfarmers CEO and there crowds for breaking the law in time of need
political_alert How good is a crisis?!
Pity they didn't do that instead of free trade deals with China which could of saved a lot of Australian companies but it's only Labor that thinks of those things.
Some crisis management! This inept govt can’t even convene for one day to get any of this through parliament so actually NOTHING has been done yet..makes you wonder what would happen if we were being bombed in a war..these morons would be sitting on the beach saying no worries
Spend, spend, spend.
So can we all get tested now? If not, then put us into lockdown
Why give money to small businesses.. they’re either laying off workers or shutting their doors so why are u lot giving over so much .. liberals are for the rich an businessman don’t care about the average person .. why give us 750 how was that stupid amount calculated
So nothing for sole traders that have no employees, again?
I'm waiting for an actual announcement. Until then, articles like this are just rumours
Where the money scommo.. keep sprucing about.. America an Britain have given more to their citizens than u lot .. scommo holding onto the cash.. an what’s 750$ going to do in this day an age .. up the amount
Why do we keep bailing out companies that took advantage of stock buybacks? they had cash to get through tough times, just like the average taxpayer... except they decided to minimize paying tax by spending that cash on buybacks, now they have none and we have to bail them out?
Is anything being done to protect the homeless?
What will Morrison fuck up today?
Think you need to add some common sense for a change, close the schools and stop cruise ships unloading passengers at will
Should we bring back plastic bags for shopping to avoid staff touching shoppers own bags, to keep our hardworking people at the cash registers safe. Just a thought!
TRANSLATION: Decades of mismanagement and corruption by the parasitic political-class and their corporate donors that has seen the country's infrastructure and resources flogged off, meaning the only option is to print (taxpayers) money and debase the AUD into oblivion.
Hasn’t handed out the first package yet ffs.
What a stunning admission that the first stimulus package was sadly lacking. LNP trying to do things on the cheap. classicLNP auspol
You know what would keep businesses afloat....people having money to spend
Can we borrow Trudeau?
I felt calmer watching Justin Trudeau until I realised he isn't my PM.
👍👍👍 👏👏👏 back in business ScottyFromMarketting