Budget 2020: Winners and losers as the government looks to protect Australia from the COVID-19 fallout

WINNERS

• Major reforms for asset write off and the new JobMaker program to subsidise wages.

• Aged pensioners and some welfare recipients will receive two payments of $250, in December and March. There will also be a change to the deeming rate which will translate to a higher government payment.

• The number of Medicare rebated psychology sessions have been doubled from 10 to 20.

• A $550 million package for regional Australia will be aimed at boosting tourism and the agriculture workforce. More than $300 million will go towards helping exporters get Australian goods overseas.

LOSERS

• There was no permanent increase to the JobSeeker payment, despite ferocious advocacy from social service groups.

• Underperforming superannuation funds will now be forced to notify members of poor performance.

• No new spending was announced to assist parents with getting young children into childcare.

• Despite a $1 billion boost to research, no measures to rescue the struggling sector were announced.

• Live blog: latest budget updates
• Mark Kenny's budget analysis
• Budget delivers massive deficit
• Budget tax cuts and stimulus measures