The package is primarily aimed at local and regional sport and recreation groups struggling due to COVID-19.
Sports clubs will be able to apply to a $15 million community fund for up to $1000 while regional bodies can apply for up to $40 thousand.
There's $6 million set aside in business support for national sports organisations to cover roles which are at risk due to the pandemic.
$3 million has also been allocated to promote play, active recreation and sport for those who are less active, disabled or live in high deprivation areas.