The cost of allowing firms to hibernate will be shared

Coronavirus: plan to let Australian firms 'hibernate'

30 March 2020

Australia has announced a plan to allow businesses to “hibernate” for up to six months as a coronavirus lockdown comes into force.

Prime minister Scott Morrison said businesses would emerge from “hibernation” unaffected by debt, adding the proposal was an “innovative approach in the circumstances we find ourselves in”.

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Coronavirus: plan to let Australian firms 'hibernate'

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