Stimulus Package December 2020 Australia

150 per fortnight between january and march 2021 on 30 march it was announced that the income test for partners of job seekers will be increased from 48 000 to 79 762 to provide greater access.

Stimulus package december 2020 australia. Subject to legislation see media release. The coronavirus supplement of 550 per fortnight will be reduced from 25 september 2020 to 250 until 31 december 2020 and 150 per fortnight for the period 1 january 2021 to 31 march 2021. A second stimulus package announced some welfare recipients will also receive another 750 payment on 13 july 2020.

The federal government has just announced two new stimulus payments of 250 for pensioners and commonwealth seniors health card holders in december 2020 and march 2021. Initially worth about 10 billion it. 250 per fortnight between october and december 2020.

At 12 40 pm on december 10 2020 19 comments after the global financial crisis of 2008 the australian government responded with a large fiscal stimulus. The government is temporarily allowing individuals affected by the coronavirus to access some of their superannuation extending access to 31 december 2020.