The national cabinet, which includes federal and state leaders, is meeting to discuss the details and impact of a ban on indoor gatherings of more than 100 people.
From 9pm Friday, all non-Australian citizens or residents will be banned from travelling into the country. Several private schools have made the unilateral decision to close ahead of the upcoming Easter break.
"We won't have, in the vast majority of cases, people finding themselves on planes headed here unless they were going along a rather protracted route, and that means they'll be able to make other arrangements". It also recommends people already in a "do not travel" area consider leaving. Virgin Australia Holdings Ltd has suspended all global flights from March 30 to June 14, while Qantas Airways Ltd has cut its worldwide capacity by 90%.
Australia will only be allowing Australia citizens back into the country - making this the first travel ban of this magnitude in Australian history.
Economists are predicting the country will slip into its first recession in almost three decades in the first half of 2020, prompting a rapid jump in unemployment.
"In the interim, a priority for the Reserve Bank is to support jobs, incomes and businesses, so that when the health crisis recedes, the country is well placed to recover strongly", he said. "There is no issue with food supply in Australia, but there is an issue with the behaviour of Australians in supermarkets", Scott Morrison said, before urging the Australian public to show more consideration for one another when shopping.
As financial markets suffered another day of panic selling yesterday, the Australian Government flagged a potential second round of stimulus, only a week after signing off on a $17 billion package.
"It is about one-third of what it would normally be at this time of the year and we have seen reductions, even in the last few days, when we put in place the bands which require people to self-isolate for 14 days".