Tourism Industry Council Tasmania chief executive Luke Martin said the package was an indication of the extraordinary times.

"The scale of the assistance being offered to businesses is welcome but also a sobering indication of just how long this crisis could go for," Mr Martin said.

"We particularly welcome the income support being extended to sole-traders.

"Many of these businesses, such as small accommodation operators and tour operators have little prospect for income over coming weeks and months, and there wellbeing is the only priority right now."

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Launceston Chamber of Commerce executive officer Neil Grose welcomed the latest package, saying it will help keep businesses from closing or reducing staff.

"The Chamber is working with local businesses to understand where else they need assistance and to lobby on their behalf to ensure that help comes quickly and in the right way," he said.

"For many businesses, immediate help with rent relief is critical as they re-shape the way they do businesses and for many this will need to be in the form of money directly to the businesses owner, regardless of their business structure.

"It is critical that businesses reach out for help straight away and seek professional advice before making any big decisions."