The subsidy just appears to be increased tax breaks for businesses. No income = no breaks. If you're a new business owner or have earned under $20,000 for your business this financial year (think sole trader), you're just as screwed. Meanwhile they opened up the instant tax write off from purchases inclusive of $0.01 to $150,000 (prev. $30,000), and changed the business eligibility from $50m turnover to $500m turnover and under.
Who does this stimulus really benefit? Also, "$750 stimulus payment to pensioners, social security, veteran and other income support recipients and eligible concession card holders.". The most vulnerable are getting a cash injection. What was that about Government not doing a Kevin Rudd style handout?
https://www.pm.gov.au/media/economic-stimulus-package
The subsidy just appears to be increased tax breaks for...
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