Following on from the announcement yesterday by the Prime Minister, Scott Morrison, and the Treasurer, Josh Frydenberg, and in addition to the client bulletin that was issued late yesterday afternoon, some additional information has been released by the ATO and Treasury.

This afternoon, the Prime Minister, Scott Morrison, and the Treasurer, Josh Frydenberg, held a joint press conference at Parliament House in Canberra to announce the Australian Government’s third stimulus package response to the COVID 19 outbreak.

At this stage, the COVID 19 situation is incredibly fluid. The Australian Government has launched a second stimulus package today that, unfortunately, is not strong on detail. Within the next 24 hours, I will have more detail for you so that we can make appropriate decisions about your business.