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Tasmanian News

Second coronavirus stimulus

In the latest $66.4 billion stimulus package, the full Newstart allowance will be doubled to more than $1100 dollars a fortnight for 6 months to insulate against the coronavirus downturn.

That includes those currently on the payment, while new applicants will have waiting periods and the assets test waived.

It is also available to sole traders and casual workers, who can access up to $10,000 of their superannuation tax free this financial year and the same again from July 1st.

Retirees will be given flexibility to draw on their super and there will be a further 0.25% cut to deeming rates.

Small and medium businesses will receive between $20,000 and $100,000 to help keep staff on the books.

The Tourism Industry Council of Tasmania reacted with this ‘It’s an extraordinary package for extraordinary times.’

It brings the federal government's coronavirus bail out to $189 billion and already there's talk of more to come.

In today's package release, the Prime Minister has also foreshadowed a new travel ban.

"We have decided that we are moving immediately to recommend against all non-essential travel in Australia, now essential travel, what we are referring to is for work related activities that are essential, it could be compassionate grounds."

This state's virus count moved to 16 last night (Saturday), more cases coming from the Ruby Princess Cruise ship which had 54 Tasmanians on board. 

A man and a woman who'd recently been in Europe, also came up positive.

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