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Federal Government second economic response package

KPMG provides commentary on impacts and implications for the Australian economy, business, industry and sectors announced on 22 March 2020.

The Federal Government’s announcement of further economic support measures, backing-up its 12 March stimulus package and the Reserve Bank of Australia’s action, will have some cushioning effect among the Australian community as we strive to contain the public health crisis.Today’s package (22 March 2020), is nuanced in its approach as it needs to be considered in combination with the suite of support measures already announced, and importantly it is designed to enable businesses to self-deter...

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Authors: David Linke, Grant Wardell-Johnson

Published Date: 23 March 2020

 

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