Summary of Economic Stimulus Initiatives

We have provided a brief snapshot of the key government initiatives announced over recent weeks.

Please don’t hesitate to contact us if you would like further detail on any of the measures.

Payments to low income households and pensioners
As part of the Government’s series of measures to support the economy and individuals through the Coronovirus crisis, Newstart recipients, age pensioners and veterans are being provided with a one-off payment of $750.


These payments started flowing into the bank accounts of 6.5 million (mainly) lower-income Australians from March 31.

While most working Australians won’t receive this payment, this type of tightly targeted payment will provide maximum bang for buck in terms of stimulating the economy.

Pensioners have also received additional support. On top of the $750 payment announced on March 12, an additional $750 will be paid to any eligible recipients, as at 10 July 2020, receiving the Age Pension, Veterans Pension or eligible concession card holders.

If you have any questions about your entitlements to government payments, please don’t hesitate to call.

Information in this article has been sourced from https://treasury.gov.au/coronavirus/households