SA Premier announces $650 million stimulus package

SA Premier announces $650 million stimulus package

Premier of South Australia Steven Marshall (pictured) has teased a $650 million package to help local businesses survive the Covid-19 financial crisis.

While details are yet to be released, Marshall says the Jobs Rescue Package will be discussed with a newly-established Industry Response and Recovery Council.

"This is, without question, the greatest economic emergency of our generation and our collective response must be equally as potent," says Premier Marshall.

"We recognise the enormous economic challenges confronting our key industries, their employers and staff as a result of the coronavirus pandemic and the necessary restrictions imposed to limit its spread.

"Now, more than ever, we must work together utilising our shared expertise and experience to ensure we protect as many industries, businesses and local jobs as possible."

The $650 million stimulus package complements a $350 million package announced earlier this month by the SA Government that focused on infrastructure maintenance jobs like preparing hospitals and upgrading roads and tourism infrastructure.

The 14 member Industry Response and Recovery Council represents many of the state's key industries from business, property, retail, construction and housing to tourism, primary industries, food, wine and hospitality.

Members of the Premier's Industry Response and Recovery Council (in addition to the Premier):

  • Martin Haese Business SA
  • Ian Markos Master Builders Association
  • Daniel Gannon Property Council of Australia (SA)
  • Ian Horne Australian Hotels Association
  • Shaun De Bruyn Tourism Industry Council SA
  • Stephen Knight Housing Industry Association
  • Phil Sutherland Civil Contractors Federation SA
  • Colin Shearing SA Independent Retailers' Association
  • Paul Unerkov Motor Trade Association South Australia
  • Brian Smedley Wine Industry Association
  • Catherine Sayers Food SA
  • Wes Lambert Restaurant & Catering Australia
  • Rob Kerin Primary Producers SA

Updated at 9:40AM AEDT on 26 March 2020.

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