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COVID-19 Banking Timeline
see what’s happened in the Australian banking sector
ABA CEO Anna Bligh spoke on ABC radio on how banks are responding to the floods across NSW, and the RBA’s moves to curb inflation.
“Many people don’t realise how prevalent financial abuse is and that it may be a red flag for future violence.”
The national support package will be available to all small businesses and home loan customers significantly impacted.
Australian banks are supporting communities in Far North Queensland affected by Tropical Cyclone Niran.
“Banks play a vital role in helping Australians survive and recover from bushfires and other disasters”, said ABA CEO Anna Bligh.
Australian banks will defer loan repayments for small businesses affected by COVID-19 for six months.
Any business financially impacted by the effects of COVID-19 should contact their bank
Help on offer for small businesses financially affected by coronavirus Australian small businesses financially impacted by the spread of the coronavirus are being urged to contact their bank to access assistance on offer which can include deferred loan payments, waiving fees and restructuring loans. Australian Banking Association CEO Anna Bligh said any small business should not tough it out on their own… Read more »