Skip to main content
Financial Assistance Hub

Banks welcome creative economy restart

25 June 2020

The Australian Banking Association welcomes the Government’s announcement to help restart the creative economy and get the entertainment, arts and screen sectors back on their feet following the impacts of COVID-19.


Banks look forward to the government releasing guidelines of the new concessional loan program in the coming weeks. Once the guidelines are received, applications will be assessed on a case-by-case basis.

In the meantime, businesses in the creative industry who are looking to take advantage of the government-backed concessional loans should get in touch with their bank and flag their interest in accessing the program.

Banks also have a range of support measures already in place for their business customers impacted by COVID-19 and creative arts businesses have been among the sectors accessing this assistance.

ABA members remain committed to supporting businesses large and small as the economy starts to rebuild.

ENDS

Contact ABA Media: 0475 741 007

COVID-19: find out more about how banks can help

Latest news

1 / 3
Media Releases
Mid-sized banks set to benefit from APRA’s move to streamline IRB accreditation
23 October 2025

The ABA welcomes APRA’s proposals to make the internal ratings-based (IRB) accreditation process simpler and more transparent, giving mid-sized banks a competitive boost. ABA CEO Simon Birmingham said the changes would support competition and deliver better outcomes for customers. “This is a practical and sensible pro‑competition step from APRA,” Mr Birmingham said. “When fully implemented,… Read more »

Read more
Transcript
ABA CEO interview on Sky News Afternoon Agenda with Cheng Lei
17 October 2025

E&OEInterview on Sky News with Cheng Lei Cheng Lei: Australian banks closed 155 branches over the last year, but the rate of closures has slowed. For the implications, let’s bring in Australian Banking Association Chief Executive and former Liberal Minister Simon Birmingham. Mr Birmingham, welcome to the show – great to talk to you in… Read more »

Read more
Media Releases
Banks welcome focus on reducing regulatory burden
17 October 2025

Australian banks welcome the Federal Government’s release of an updated Regulatory Initiatives Grid, helping to ensure there is more transparency and coordination when new financial rules are introduced. The ABA particularly welcomes new principles that streamline coordination between regulators, reducing duplication and regulatory burden across the industry. ABA CEO Simon Birmingham said the Grid was… Read more »

Read more