Coronavirus: PM explains strict new social distancing guidelines

A seventh person has died from coronavirus in Australia as the nation prepares to shut its borders to all non-residents.

"So for example, if you've got a room, if you've got a premises, if you've got a meeting room or something like that, that's 100 square metres, then you can have 25 people in that room", Mr Morrison said.

The bans do not extend to citizens, permanent residents, or their families.

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Prime Minister Scott Morrison has postponed handing down the federal budget until 6 October because of the coronavirus pandemic.

"But those who find themselves in a more remote location we will have to work closely through them with our consular officers like our very professional consular officials do every day".

Non-essential travel into Indigenous communities will also be banned.

New Zealand has also implemented similar measures which come into effect from midnight tonight, as the PM added that he had been working with NZ Prime Minister Jacinda Ardern to coordinate their efforts.

"All of the cases of COVID-19 identified in New Zealand relate to people traveling to New Zealand and bringing the virus with them - therefore we need to further restrict the risk of people bringing the virus into New Zealand".

Today Mr Morrison said the Government was in the final stages of finalising a second stimulus package.

Australia's energy ministers will hold a teleconference on Friday to discuss stopping late fees for people unable to pay their bills because of the virus.

The update came just hours after the Reserve Bank of Australia took the drastic measure of slashing the cash rate to a record low of 0.25 per cent.

Tasmania has imposed the most dramatic lockdown in the country, requiring nearly everyone entering the island state to go into quarantine for two weeks from Friday. Stay at home if you're unwell.

The government has imposed buying restrictions on some medicines and pharmacists will also be required to limit some prescription-only medicines to dispensing one month's supply at a time.

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