The Treasurer has announced that the scheme will expand and extend the scheme, taking loans up to $5 million and help businesses refinance their existing loans. The federal government has announced t
11 Mar 2021
After much anticipation, the federal government has finally released the details of its new $1.2 billion support package for Australia’s tourism industry.
Prime Minister Scott Morrison said that while Australia’s economy had recovered 85 per cent of its fall from COVID-19, the next step in the government’s National Economic Recovery Plan would target the businesses, workers and regions still doing it tough.
Morrison said the package’s mix of half-price airline tickets, cheap loans for businesses and direct support to keep planes in the air, and airline workers in their jobs, would be a bridge to a more normal way of life for Aussies.
The premier said she was a bit disappointed that only one area of New South Wales - Merimbula on the south coast - was included in the plan, compared with four Queensland regions.
Tickets to and from 13 holiday hotspots will be subsidised by the federal government until July 31 and airlines will ramp up their flight schedules to deal with an expected surge in demand.