“The federal government is planning to pay a generous share of...

“The federal government is planning to pay a generous share of wages for closed and hobbled businesses that retain their employees during the coronavirus recession.The payments, being worked on by Treasury, will be similar to wage subsidies of 75 per cent to 80 per cent introduced by Canada, Denmark and the United Kingdom in response to the virus shutting down large parts of the economy.Sources said Prime Minister Scott Morrison and Treasurer Josh Frydenberg were finalising government-funded wage payments, which are set to be capped at middle income earner levels.The emergency wage payments are expected to be announced in the next few days, possibly as early as Sunday.”