More than six million Australians will be getting a cheque for A$750 ($775) as part of the Morrison Government's 17.6 billion stimulus package.
Households who are getting government benefits including pensioners and those getting Newstart, Carer's Allowance and Family Tax Benefits will get the one-off payments from March 31.
"Households will receive a stimulus payment of A$750 across the full gambit of those who receive all sorts of benefit payments," Morrison told reporters today.
"The biggest beneficiaries of that will be pensioners. They comprise around half of those who will receive those payments, but they also will be extended to those in family tax benefits, which obviously goes to those in earning households."
The Prime Minister said other measures included supercharging the instant asset write-off, backing business investment with an accelerated depreciation scheme and a cashflow boost for small and medium-sized employers.