The new financial year brings a data bonanza, tax cuts, legally proper virtual meetings, and some timely funding extensions.
Prime Minister Scott Morrison declared “COAG is no more” but the reality of federation means much of its brains trust will remain.
Millions of Australians face a September cliff edge where current government and bank support cuts out but the Morrison government has a plan for a plan.
Energy and resources firms hold the line against the Covid-19 shutdown, while regulators ease up on reform.
Everything is being thrown at the Covid-19 crisis as the Morrison government abandons policy orthodoxy to prevent another great depression.
The pandemic response depends on banks and payment systems. On that there is consensus.
The rapid pivot from timid stimulus to survival mode depends on critical infrastructure. On that there is consensus.
Another round of support is coming for banks even before the first phase ramps up.
Phase II of the coronavirus response is being prepped, even before phase I is rolled out.
Rushing to the finish line, the post-Hayne tally for 2019 includes unfinished business.
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