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Stimulus package 2020 2nd round australia. Included in the package which is. The first 750 payment announced in the first stimulus package will be paid on march 31. The government will temporarily double the jobseeker payment previously called newstart providing people with an additional 550 a fortnight.
On sunday morning the government announced details of its 66 billion second coronavirus stimulus package with stimulus efforts now totalling 189 billion. The second 750 payment will be automatically paid to an estimated 5 million people on july 13. On 12 march 2020 the australian government announced an economic stimulus package in response to the coronavirus covid 19 pandemic.
The payment will start flowing from 27 april 2020. The government will provide two 750 stimulus payments to social security and veteran income support recipients and eligible concession card holders. On 22 march 2020 the australian government announced a second package of measures.
The first 750 payment will be available to people who are eligible payment recipients and concession card holders at any time from 12 march 2020 to 13 april 2020 inclusive. Despite not tying the last cut in deeming to the first stimulus the government has chosen to include a further cut to deeming rates as part of the latest stimulus package. Second stimulus package 22 march 2020 timing total b a.
Both the upper deeming rate of 2 5 and the lower deeming rate of 0 5 will be reduced by 0 25. The second round of stimulus includes a coronavirus supplement which will be paid to eligible recipients for the next six months at a rate of 550 per fortnight on top of current welfare benefits.
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