10 things you need to know this morning in Australia

Good morning.

The federal government has announced its $17.6 billion coronavirus stimulus package. Here are the six key elements.

Scott Morrison announced the details of the federal government's $17.6 billion coronavirus stimulus package on Thursday. The government outlined six key elements to the plan – with a focus on support for business.

The ATO is coming for wealthy companies and individuals who don't pay their taxes, with an expanded taskforce

The Australian Taxation Office will be keeping a close eye on whether the wealthy are paying their taxes. The office is expanding its Tax Avoidance Taskforce with a new program designed to look at major commercial transactions in the private wealth market before they complete they are included in a tax return.

Telstra workers, including casuals, can get up to 14 days of paid leave if they're in coronavirus self-isolation

Telstra rolled out a new policy that lets permanent, fixed-term and casual staff take up to 14 days of paid leave if they have to be quarantined or self isolate due to the coronavirus.

Australia considers extending the coronavirus travel ban to all of Europe, after Donald Trump announced the US would do the same

Scott Morrison has asked government health experts to consider whether the coronavirus travel ban should be extended to all of Europe. It follows the announcement from President Donald Trump that a similar travel ban – excluding the United Kingdom – would be implemented in the US.

Dow plummets most since 1987 as Trump stimulus plan fails to materialise

US stocks plunged on Thursday after President Trump's Wednesday coronavirus comments failed to calm investors' nerves, and as scant additional details were provided around a potential stimulus plan.

Princess Cruises just suspended its operations for 2 months because of the coronavirus outbreak

Princess Cruises said on Thursday that it would suspend operations until at least May 11. Two Princess ships were recently quarantined following positive coronavirus cases on board.

Trump suspends travel from Europe — except the UK and Ireland — for 30 days to contain the coronavirus spread

President Donald Trump announced that his administration is suspending travel from Europe - except the UK and Ireland. Trump's announcement caused confusion, as he initially said cargo would be impacted - this was later retracted - and it was unclear who was impacted by the travel ban.

An Australian family accidentally ordered $3,264 worth of toilet paper when they bought 48 boxes instead of 48 rolls

Haidee Janetzki of Toowoomba, in Queensland, Australia, accidentally ordered 2,304 rolls of toilet paper in February. Australia has been facing empty toilet paper shelves at stores across the country as people panic buy the product in bulk amid the coronavirus outbreak.

If you've spotted one of these 3 red flags, there's a good chance you could get a better deal on your mortgage

The average home loan in Australia is over $400,000. Without even taking into account the amount of interest that may accrue on that sum, it's already a significant investment.

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