As the Australian Government announced its first economic response to COVID-19, totalling $17.6 billion, FTMA Australia had a look at the stimulus package and broke it down to see what exactly it means for you and your business.

The package has four parts, two which relate to supporting businesses through the economic impacts of the Coronavirus outbreak. The assistance and investment measures in the package are designed to assist Australian businesses and support employing small and medium enterprises to improve business confidence.

Please note: this fact sheet only breaks down the first stimulus package. Please refer to other fact sheets for the updated stimulus package breakdown.