Episode Details

Treasurer Jim Chalmers unveils support package for small businesses amidst soaring fuel prices due to Middle East conflict. Measures include flexible ATO payment plans, waived penalties, and deferred pay-as-you-go payments. PM Anthony Albanese urges fuel conservation and unity. Banks set up special teams to assist affected customers. Heavy vehicles get temporary road user charge exemption, costing $1.05 billion. Small businesses bear the brunt of global crisis, with potential inflation and unemployment spikes. Officials model worse-case scenarios for May budget, but higher commodity prices deliver $60 billion tax windfall over five years. Collaboration key to navigating the storm.

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