Peter Gutwein

Premier of Tasmania

19 March 2020

Peter Gutwein, Premier

Further economic stimulus measures welcomed

The Tasmanian Liberal Government welcomes the further measures taken by the Morrison Government to help offset the impacts of coronavirus.

Today’s Federal Government investment of up to $15 billion to enable smaller lenders to continue supporting Australian consumers and small business complements our $420 million support package announced earlier this week.

While our priority is looking after the health and wellbeing of all Tasmanians, we know additional steps need to be taken to help support and protect our businesses and jobs.

Today’s announcement supports the continued ability of lenders to support their customers and in doing so the Australian and Tasmanian economy respectively.

The Australian Office of Financial Management (AOFM) will be provided with an investment capacity of $15 billion to invest in wholesale funding markets used by small authorised deposit-taking institutions (ADIs) and non-ADI lenders.

This will allow the AOFM to support a substantial volume of expected issuance by these lenders over a 12 month period.

In addition to the economic support, we welcome the decision to close Australian borders to all non-citizens and non-residents, with exemptions only for Australian citizens, permanent residents and their immediate family, including spouses, legal guardians and dependants.  This decision will further help to protect Tasmanians.

This additional precautionary measure follows our step to declare a State of Emergency for Tasmania, having introduced the toughest border restrictions in Australia.

From midnight, Friday 20 March, all non-essential travellers departing for Tasmania will be required to quarantine for 14 days.

The Tasmanian Liberal Government is working hard to keep Tasmanians informed, safe and supported. We will continue to put the health and safety of Tasmanians first as we work to support businesses, jobs, families and the community through these challenging times.

More Media Releases from Peter Gutwein

More Media Releases from the Premier