Rationale: The total size of stimulus package is $17.6 billion, delivering an economic boost equivalent to $22.9 billion or 1.2 per cent of GDP and stopping the June quarter from contracting and causing a recession

Centrelink

one-off, $750 payments to all welfare recipients including pensioners, Commonwealth seniors cards holders, Newstart recipients, plus carers, veterans and people on disability support and family tax benefit recipients.
rolled out on 31st March
Reduce deeming levels
“The lower deeming rate will be cut from 1.0 per cent to 0.5 per cent for financial investments up to $51,800 for single pensioners and $86,200 for pensioner couples,”
“The upper rate, which only impacts about 40 per cent of payment recipients with deemed assets, will decrease from 3.0 per cent to 2.5 per cent.

Business’

an increase in the instant asset write-off from $30,000 to $150,000 (from now until June 30 for business turnover $500m +, up from current $50m)
50 per cent accelerated depreciation deduction over and above existing deductions, available to June 30, 2021.
businesses with turnover up to $50 million receive payments of up to $25,000 tax free, and there will be a 50 per cent wage subsidy for apprentices that will deliver up to $21,000 per apprentice to employers

$1 billion would go to a regional and community fund that would support industries particularly hard-hit by the economic fallout from the virus, such as tourism.