Economic Response Plan Phase I

Budget $61 million
Key policies included:

  • Wage subsidies to help ensure that employers have the ability to keep their staff on the payroll
  • Cash grants for businesses affected by COVID-19
  • A reduction in employer and employee CINSF contributions from 5% to 3%
  • A reduction in employer and employee CINSF contributions from 5% to 3%
  • An unemployment benefit to be provided to all individuals who have become unemployed due to COVID-19
  • School closure support payment of $100 per child for each fortnight that school holidays are extended

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