Breaking News: QLD $4 billion Emergency Relief Package

QLD

The Queensland Government’s $4 billion emergency relief package to support Queenslanders, the business community and the industries has been passed by Parliament tonight.

Deputy Premier and Treasurer Jackie Trad said the Appropriation (COVID-19) Bill 2020 provides additional funding of more than $4 billion over two years to protect Queensland during the coronavirus pandemic.

The economic recovery measures include:
  • $1.2 billion to strengthen Queensland’s health system, including expand fever clinics, emergency department capacity, acute care services and regional aeromedical services for remote communities;
  • $2.5 billion to support our workers and businesses, including payroll tax relief, relief for businesses renting government premises, a worker displacement program to help unemployed people get jobs in sectors facing shortages, electricity bill rebates for all Queensland small and medium sized businesses that consume less than 100,000 kilowatt hours, liquor licensing fee waiver, and assistance to support large businesses to scale up when economic activity improves;
  • $300 million in cost-of-living relief for households, including a $200 credit for all 2.1 million households to offset the cost of water and electricity.
In addition, the Queensland Government is also providing:
  • $500 million in Jobs Support Loans to keep Queenslanders employed;
  • $400 million in land tax relief for property owners to help them support tenants;
  • An initial $27.25 million package to assist local government, business and industry with resilience and recovery strategies, targeted financial support and counselling;
  • A $24.7 million housing and homelessness plan to deliver accommodation for vulnerable Queenslanders needing to self-isolate, funding for homelessness providers, and enhancements to the Home Assist Secure program.

To read the full statement click here.

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