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‘Business hibernation only option to save struggling businesses’ Source: Publicaccountant The government is due to announce its third stimulus under which it will seek to “hibernate” businesses to help them re-establish and rehire once the coronavirus pandemic has passed. Addressing media on Friday, Prime Minister Scott Morrison said, “Part of that plan that we will be announcing will be to seek to hibernate Australian businesses.” “We want these businesses to effectively go into hibernation, which means on the other side, the employees come back, the opportunities come back, the economy comes back,” he said. Applauding his announcement, the small business ombudsman Kate Carnell said that the only way for small businesses to survive the coming months is if they can effectively hit pause for the time being. ...