Home building industry backs PM in war against Covid-19
HIA is fully supportive of the Government’s rescue package for small business and is confident it will be passed through parliament without delay.
Tag: economy
VIC rescue package recognises extraordinary measures required in current crisis
The Australian Industry Group strongly welcomes the Victorian Government’s economic survival package to support businesses and jobs, announced by the Victorian Premier and the Victorian Treasurer.
Shut Downs: What Employers Need To Know
The shut down of non-essential services across parts of Australia may trigger conditions in the Fair Work Act that will allow employers to stand staff down without pay, according to Employsure, Australia’s leading workplace relations company.
New government economic measures
“The additional economic measures being announced by the Federal Government today (March 22 2020) are a timely and welcome response to the rapidly escalating challenges facing Australian businesses and households,” Innes Willox, Chief Executive of the national employer association Ai Group said.
Population growth continues to slow
“The Australian population continued to slow in the September 2019 quarter, driven by a reduction in overseas migration,” stated Tim Reardon, HIA’s Chief Economist.
Commonwealth Bank increases support for business and households
Commonwealth Bank has expanded its support for small businesses and households with a range of new measures in response to the RBA announcements.
Builders back well targeted stimulus
The Government’s $17.6 billion stimulus package should bolster economic resilience in the face of the current challenge.
Stimulus not enough to buy our way out of recession
An Australian recession is likely to be part of a global slump, with some workers especially vulnerable, says a UNSW Economics expert.
COVID-19 economic response: Relief for businesses and households
Household fees and charges will be frozen and Western Australian small and medium businesses will receive additional relief, as part of a $516 million stimulus package announced by the WA Government.
The prescription? Buy Australian made
The Minister for Agriculture, Drought and Emergency Management, David Littleproud has urged those businesses and Australians who will receive the Federal Government’s stimulus to buy Australian made products and buy from Australian businesses.
Stimulus package welcome but challenges still ahead
The Federal Government’s economic stimulus package will provide welcome support for Australian businesses and households, but there are still significant challenges ahead as governments manage the public health response to the coronavirus outbreak.
Retailers welcome Government stimulus to buffer economy
The National Retail Association has welcomed the stimulus package announced by the Federal Government to buffer the economy as the Coronavirus outbreak escalates.