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The second $66.1bn government stimulus package

Released on 22nd March 2020, the second round of government stimulus package includes:

  • early release of superannuation - individuals in financial distress may be able to access up to $10,000 of their superannuation in this financial year, and the next ;

  • temporary reduction of pension draw down rates for this financial year, and the next;

  • deeming rates have been reduced;

  • supplements increased, access extended and eased; and

  • bankruptcy safety net

Click to read more about what the stimulus package includes for individuals and businesses.