Australia’s New Wage Support Plan Attracts 60,000 on First Day

Bloomberg
More than 60,000 registrations of interest have already been received for wage subsidies to Australian businesses that are significantly affected by the coronavirus.

Chairs sit stacked on tables in a closed cafe during coronavirus lockdown in Melbourne on March 23. Photographer: Carla Gottgens/Bloomberg

Chairs sit stacked on tables in a closed cafe during coronavirus lockdown in Melbourne on March 23. Photographer: Carla Gottgens/Bloomberg

“Australia is fighting a war on two-fronts - a health crisis and an economic crisis,” Treasurer Josh Frydenberg said on Sky News Tuesday. “A number of businesses will need this wage subsidy.”

“We’ll be making further announcements in due course - but they won’t top yesterday’s announcement,” he said. “That is the most significant announcement you will see from the government for years to come.”

Australia’s record A$130 billion ($80 billion) jobs-rescue plan will see the government pay wage subsidies of A$1,500 every two weeks per employee to help struggling businesses keep people in work as the coronavirus outbreak wreaks havoc on the economy.

Bloomberg

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