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Boost to mental health services, domestic violence support and Medicare assistance

  The Government released further funding on March 29 to support the secondary effects of the health and economic impact of the coronavirus. This package is designed to provide care and help to the many who are facing hardship as a result of this crisis. Medicare support at home
The $669 expansion of Medicare-subsidised telehea...
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Early childhood education and care subsidy

  Child care and early childhood education is critical for families who rely on it so they can continue to work throughout this ongoing crisis, particularly those who are working in critical areas. Under the care subsidy, the government will calculate what a centre's revenue was in the fortnight to March 2, based on enrolment...
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Temporary access to super

  As part of the measures taken by the government to support those impacted by COVID-19 some people will be able to access up to $10,000 of their super between now and 1 July 2020, with a further $10,000 in the first three months of the 2020-21 financial year, tax free. Those who are eligible include the unemployed, people receiv...
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Accelerated depreciation deductions to benefit businesses

  The Government has accelerated depreciation deductions for the next 15 months. Up until June 30, 2021, businesses turning over less than $500 million will be able to deduct 50 per cent of the cost of any eligible asset the moment it's installed. It's predicted these two tweaks to the investment rules could benefit up to 3.5...
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Support for business investment

  The government is loosening the criteria around the instant asset write-off. Pre-Coronavirus, businesses with a turnover of up to $50 million could instantly write-off the purchase of assets costing up to $30,000. Post-Coronavirus, businesses with a turnover of up to $500 million can write off asset purchases of up to $150,000. ...
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