2020 has been a challenging year for many Australians which has seen the Government forced to intervene to provide economic support and legislative provisions in an attempt to provide ongoing assistance to many Australians and businesses.
The 2020 Federal budget sees the Government continuing to provide additional support and has committed an additional $25 billion in COVID-19 response measures. This brings the Government’s COVID-19 Response Package to a total of $198 billion, including $184 billion in economic response measures and $14 billion in health response measures.
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