We’ve seen support offered by all levels of government – from stimulus to concessions and grants. But with many announcements and phases of relief made available, it’s hard to keep track of what has been released to date.
The Federal Government has set the tone with their hibernation strategy. This strategy has two core components – the JobKeeper subsidy and rent relief. Together, these provide the means for businesses to effectively press pause on their business while still remaining connected to their employees and maintaining a physical presence which they can leverage and build on the other side of the coronavirus pandemic.
The States and Territories have responded to Federal announcements in their own ways – this includes their approach to schools, but also how they apply concessions and deferrals to payroll or land tax, and the fast-tracking of government works to keep people employed.
