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Employers benefit

New stimulus package benefits farmers’ cashflow and tax return

EMPLOYERS are benefiting with a significant increase to the business cashflow boost scheme announced as part of the $17.6 billion stimulus package on March 12, in an effort to soften the economic blow of the coronavirus (COVID-19).

Initially the program was set to deliver benefits of between $2000 and $25,000 to all businesses with employees, however as of April 28, the program has been significantly increased to a minimum benefit of $20,000 and a maximum of $100,000.

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