. It said it believes the Australian economy will be one of the worst affected by the outbreak, due to the nation's close financial links to China.The business sector has been pushing the government for a year to look at a type of investment allowance, similar to that proposed by the Labor Party ahead of the election, as a way to lift capital spending.
Support for self-funded retirees through a change to the deeming rate is expected to form part of the Morrison government's response to the coronavirus outbreak.He said with interest rates falling even further, another change in deeming rates was likely. The Treasurer said the national accounts for December showed the economy was not softening at the end of the year.
'Self funded ' profound lack of english comprehension !
'Self funded' retirees.
More money for the rich from this lot, what a surprise.
They tried last year with a tax cut to stimulate the economy and guess what it didn't work. Targeting these groups would stimulate our economy at all.
More trickle down economics.
So as business collapse, and the number of unemployment rise, nothing more is done to help them. Nice. Spoken like a true business to make money rather than care about it’s employees
Looking after potential voters impacted by 6 years of poor policy. Bugger the country.
Open up to China is the best policy, letting tourists come in. The great China leader Xijinping has already contained coronavirus as WHO has said.
again the self funded retirees who are well off
Yeah, that’s right! Keep looking after the rich while others drown in your broken economy.
Talk about not being able to look further than oneself... They are only concerned with saving themselves....
I suppose they are lifters. While the leaners, living below the poverty line get nothing. Does this Government care anything about justice and integrity?
When will the Aus politicians force the BANKS to return what they have stolen?- I'm on Welfare due to bank theft of our family home- Aus taxpayer now pays for my children & their housing needs via rent assist- Why work when politicians lets BANK STEAL everything you work for
SELF-FUNDED RETIREE'S FOR GODS SAKE - can they be more transparent?
A lot of assistance will be needed in the Tourism industry - which expands to entertainment, restaurants & retail. Not sure how they will help that wide a spectrum. auspol
Does fuck all for the you and I consumer though. We need the maximum amount of people we can spending to stimulate the economy. Not just business investment or higher returns for investors.
Curtousy of the Coronavirus, our current economic outlook, is grim, regardless how U look at it. So , with that in mind : CLOSE ALL THE AIRPORTS NOW
No cash handouts, except to LNP cronies.
MORE money to “self-funded” retiree’s? Hardly self funded...
So they will help business and boomers, why am I not surprised
Please don’t call it a virus stimulus package. Have some flipping common sense.
No matter the issue, the Coalition will respond by imprisoning people and siphoning tax funds to the rich.
Ah yes, this will definitely go straight into the economy, just like all those tax cuts, franking credits, penalty rate cuts and vacant properties
We're giving MORE money to self funded retirees while doing nothing about raising the pension? Screw that.
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Source: 9NewsAUS - 🏆 10. / 72 Read more »