Latest coronavirus news, Australia March 29: Fed gov. wage subsidy.

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Federal Government working on Australian wage subsidy.

Finance Minister Mathias Cormann has confirmed the Morrison government is working on a wage subsidy so that business can keep workers on their payrolls during the coronavirus crisis.

The government, including Senator Cormann, has repeatedly rejected a UK-style 80 per cent wage subsidy, saying it would take too long to introduce.

“We are going to do it in an Australian way,” he told ABC television’s Insiders programme on Sunday.

“We’re going to do it in a way that actually is going to be able to be delivered, using our existing systems and our existing architecture…

“We are working very hard on further expanding the level of income support through businesses to enable more businesses either to stay in hibernation or to survive through this difficult period ahead for a strong bounce back on the other side,” Senator…

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