Treasurer Josh Frydenberg said the latest Aus$66 billion announced Sunday brought government and central bank measures to support the economy to Aus$189 billion -- or nearly 10 per cent of gross domestic product ."These extraordinary times require extraordinary measures and we face a global challenge like we have never faced before," he told reporters in Canberra.
Workers whose income has fallen by at least 20 per cent due to the coronavirus outbreak will be able to access their retirement funds early, with those facing hardship allowed to withdraw up to Aus$20,000 over two years. He said work-related trips, the transport of essential supplies and travel on compassionate grounds could continue but people should cancel any other travel plans ahead of the upcoming Easter school holidays.
Australia has already sealed off its borders, putting in place an unprecedented ban on entry for non-residents in the hope of stemming the rise of COVID-19 infections.
A little late for them.