Australian shares have finished higher, with retailers buoyant after Prime Minister Scott Morrison and the National Cabinet disclosed a roadmap to reopen the country for business.

The benchmark S&P/ASX200 index finished Friday up 26.9 points, or 0.5 per cent higher, at 5,391.1 points, while the All Ordinaries index closed up 38.1 points, or 0.7 per cent, at 5,488.

The Australian dollar was trading higher at 65.30 US cents, up from 64.54 US cents on Thursday and close to its highest levels since the coronavirus crisis began in early March.