The Government has set aside an initial $1 billion allocation to support those regions and communities that have been disproportionately affected by the economic impacts of the Coronavirus, including those heavily reliant on industries such as tourism, agriculture and education.
The $1 billion will be available for distribution through existing or newly established mechanisms as soon as practicable.
The Australian Tax Office (ATO) will also provide administrative relief for certain tax obligations (similar to relief provided following the bushfires) for taxpayers affected by the Coronavirus outbreak, on a case by case basis.
The ATO will look at ways to enhance its presence in significantly affected regions to make it easier for people to apply for relief.
For more information on the ways in which the Government can support your businesses visit Business.gov.au.
All taxpayers affected by the Coronavirus outbreak can contact the ATO for assistance. Taxpayers can contact the ATO on 1800 806 218 or visit the Australian Taxation Office website for further information.