Business Group and Banks Welcome the $1B-a-Week Support Package From Australian Governments

Business Group and Banks Welcome the $1B-a-Week Support Package From Australian Governments
Australian Prime Minister Scott Morrison speaks during a press conference at Kirribilli House in Sydney, Australia on July 13, 2021 Jenny Evans/Getty Images
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The Business Council of Australia and “Big Four” bank Westpac has welcomed the Australian federal government’s expanded financial support package for workers and businesses during prolonged lockdowns in New South Wales (NSW).

Over 400,000 businesses are said to potentially benefit after the government lifted the eligibility threshold for support payments for businesses with $50 million revenue to $250 million.

Daniel Y. Teng
Daniel Y. Teng
Writer
Daniel Y. Teng is based in Brisbane, Australia. He focuses on national affairs, including federal politics and Australia-China relations. Got a tip? Contact him at [email protected].
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