Released by an unfortunate prime ministerial staffer, the morning note demonstrates how government is working "as a catalyst for the recovery, not the solution".
Australia's suppression strategy requires dropping Covid-19 deaths to a politically acceptable level, not breaking the health or aged care systems, and record deficits.
Treasury's advice supports the Morrison government's belated backflip on wage subsidies as it walks away from a "snapback".
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.
The rapid pivot from timid stimulus to survival mode depends on critical infrastructure. On that there is consensus.
Phase II of the coronavirus response is being prepped, even before phase I is rolled out.
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