Many of you have asked Jobs Australia to provide a summary of current major banks relief packages.
Combined with the Federal and State Government Financial stimulus, Bank Relief packages provide an essential pillar of business support. This support is available for your business, you personally as the business owner or your employees.
The Australian Banking Association (ABA) is the Banking Peak Body, with the CEO’s of 16 major Australian banks representing its membership.
Banks have been quick to respond. Each have ‘Hardship Teams’ able to provide significant relief to businesses and individuals. It is important to note that the banks are further reviewing their relief and changes are likely to be made in the next week or so and may include mortgage relief and deferred interest payments.