Millions of Australians to get $750 AUD as part of the promised COVID-19 stimulus package

An extra 750 Australian dollars will hit the bank accounts of millions of Australians from today as the government starts paying out on its promised coronavirus stimulus package.

The one-off payment is tax free and designed to soften the blow of economic fallout related to COVID-19.

It's estimated the measure will cost taxpayers $AUD4.8 billion, but it's just a small part of the Australian Federal Government's $AUD320 billion coronavirus support package.

The government has said most eligible Australians will start receiving the payment from March 31 to April 17 this year.

[Source: 9news.com.au]