On 12 March 2020, the Australian Government announced an economic package of AU$17.6 billion1 including approximately $11 billion of planned expenditure by 30 June 2020, in response to the economic impact of the Coronavirus outbreak. This measured response adds to a previously-announced $2.4 billion health package and is ahead of a meeting with the states on 13 March. As well, the Federal Budget is due in early May.The tax- and business-related measures announced are, in summary:Tax incentives for businesses with turnover below $500m per annumIncreasing the instant asset write-off (IAWO) – For new or second-hand assets first used or installed ready for use from 12 March...