$42 Billion Stimulus Announced

$42 Billion Stimulus Announced

Most Australians will be focused on the following
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About 8.7 million workers will get a lump sum tax-free bonus, depending on their annual income.

Those earning up to $80,000 a year will receive $950, those earning between $80,000 and $90,000 will get $650 and those earning between $90,000 and $100,000 get a $300 bonus.

Single-income families who receive the Family Tax Benefit Part B - about 1.5 million families - will get $950 on March 11. It will only be paid to those who were eligible for Family Tax Benefit Part B on February 3.

Those receiving Family Tax Benefit Part A with a child aged between 4 and 18 years will get a $950 back to school bonus.

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