The Australian Banking Association has announced the major banks have been in discussion with APRA and ASIC to extend existing COVID-19 relief to allow further deferrals of mortgage repayments past six months. Customers with reduced incomes and ongoing financial difficulty due to COVID-19 will be contacted by their banks and, if they cannot return to… Read more »
Former Queensland Premier and CEO of the Australian Banking Association, Anna Bligh, has revealed what the ABA Banking Code of Practice will mean for small business. Bligh has taken on the role as CEO in a particularly troubling time for the banking and finance sector. She explained to the audience at the Vodafone National Small… Read more »
A report by the Australian Bankers’ Association shows that access to bank loans is still a difficult process for many small businesses.