Invest
3 steps to a COVID-safe economy
The Prime Minister has revealed a three-step plan that aims to achieve a COVID-19-safe economy as early as July.
3 steps to a COVID-safe economy
The Prime Minister has revealed a three-step plan that aims to achieve a COVID-19-safe economy as early as July.
While Scott Morrison has conceded “we’ve still got a long way to go”, he has outlined a plan to kickstart the economy, which, according to Treasury, will see some 850,000 jobs restored in the months ahead.
He announced that the national cabinet has agreed on a three-step plan and a national framework to achieve “a COVID-safe economy and society”.
Mr Morrison said, “It is our goal to move through all of these steps to achieve that COVID-safe economy in July of this year.”
“That will get us back where we need to be – as quickly as we can.”

States and territories will hold responsibility for easing up restrictions in their respective jurisdictions at their own pace.
“States will and must move at their own pace, and will cut and paste out of this plan to suit their local circumstances,” the Prime Minister stated.
But based on the national framework, here’s what Australians can expect at each stage:
Step 1
The first stage “will enable greater connection with friends and family”.
Gatherings of up to 10 people and five guests in an individual’s home will be allowed.
Funerals will be able to accommodate up to 30 attendees outdoors, while 10 people will be allowed at weddings.
Working from home where it suits the employee and the employer. Children will be back in classrooms and allowed in community playgrounds.
Step 2
The second stage of lifted restrictions will allow larger-size gatherings up to 20 people, including for venues such as cinemas and galleries, more retail openings and the return of organised community sport.
Step 3
At this stage, the Prime Minister said gatherings will be allowed for groups of up to 100 people.
While sketchy on the details, Mr Morrison said “this will become clearer as we move through the first two steps”.
“But most workers, by then, will be back in the workplace.”
Interstate travel is also expected to resume at this level, while pubs and clubs – pending some restrictions – will also be opened.
More to come.
About the author
About the author
Economy
RBA's interest rate hike impacts Australian employment landscape
The Reserve Bank of Australia (RBA) has decided to increase interest rates by 25 basis points, raising the cash rate to 3.85%. This move, aimed at controlling inflation, has elicited responses from ...Read more
Economy
RBA’s latest rate hike sparks debate over economic impact
In a surprising move, the Reserve Bank of Australia (RBA) has increased the cash rate, signalling a significant shift in its monetary policy approach. This decision comes amid a backdrop of unexpected ...Read more
Economy
When inflation reopens the rate door: A broker-sector case study in defending margins, clients and share
Australia’s latest trimmed-mean inflation reading at 3.3% has revived the prospect of another Reserve Bank move and put lenders, brokers and borrowers back on a tightening footing. This case study ...Read more
Economy
Inflation rise dampens hopes for interest rate cuts as employment dynamics shift
In a development that has dashed hopes for an interest rate cut, Australia's Consumer Price Index (CPI) has surged back to 3.8%, erasing the progress made since October. This unexpected rise in ...Read more
Economy
Inflation surge poses challenges for small businesses and consumers
The latest inflation figures have sparked concern among Australian businesses and consumers alike, with the rising costs expected to influence the Reserve Bank of Australia's (RBA) upcoming interest ...Read more
Economy
Australia’s spending surprise raises the odds of a February rate move — here’s how to protect margin and momentum
Household outlays are running hotter than economists expected, with the latest ABS readings showing broad-based gains across services and goods. That resilience is exactly the kind of demand impulse ...Read more
Economy
Australia’s inflation cools to 3.4% — why the RBA’s next move still isn’t a lay‑up for business
Headline inflation easing is good optics; balance sheets feel something different. With year‑on‑year CPI down to 3.4% in November from 3.8%, hopes for rate relief are rising — but policymakers remain ...Read more
Economy
Inflation cools to 3.4% — but the RBA’s reaction function keeps businesses on a knife-edge
Australia’s headline CPI edged down to 3.4% year-on-year in November, from 3.8%, easing immediate pressure but not eliminating the risk of further tightening. With services inflation sticky and ...Read more
Economy
RBA's interest rate hike impacts Australian employment landscape
The Reserve Bank of Australia (RBA) has decided to increase interest rates by 25 basis points, raising the cash rate to 3.85%. This move, aimed at controlling inflation, has elicited responses from ...Read more
Economy
RBA’s latest rate hike sparks debate over economic impact
In a surprising move, the Reserve Bank of Australia (RBA) has increased the cash rate, signalling a significant shift in its monetary policy approach. This decision comes amid a backdrop of unexpected ...Read more
Economy
When inflation reopens the rate door: A broker-sector case study in defending margins, clients and share
Australia’s latest trimmed-mean inflation reading at 3.3% has revived the prospect of another Reserve Bank move and put lenders, brokers and borrowers back on a tightening footing. This case study ...Read more
Economy
Inflation rise dampens hopes for interest rate cuts as employment dynamics shift
In a development that has dashed hopes for an interest rate cut, Australia's Consumer Price Index (CPI) has surged back to 3.8%, erasing the progress made since October. This unexpected rise in ...Read more
Economy
Inflation surge poses challenges for small businesses and consumers
The latest inflation figures have sparked concern among Australian businesses and consumers alike, with the rising costs expected to influence the Reserve Bank of Australia's (RBA) upcoming interest ...Read more
Economy
Australia’s spending surprise raises the odds of a February rate move — here’s how to protect margin and momentum
Household outlays are running hotter than economists expected, with the latest ABS readings showing broad-based gains across services and goods. That resilience is exactly the kind of demand impulse ...Read more
Economy
Australia’s inflation cools to 3.4% — why the RBA’s next move still isn’t a lay‑up for business
Headline inflation easing is good optics; balance sheets feel something different. With year‑on‑year CPI down to 3.4% in November from 3.8%, hopes for rate relief are rising — but policymakers remain ...Read more
Economy
Inflation cools to 3.4% — but the RBA’s reaction function keeps businesses on a knife-edge
Australia’s headline CPI edged down to 3.4% year-on-year in November, from 3.8%, easing immediate pressure but not eliminating the risk of further tightening. With services inflation sticky and ...Read more
