COVID-19: find out more about how banks can help
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
Latest news
Op-Ed
Our productivity challenge will take more than Treasury
Read more
6 November 2026
This op-ed was originally published in the Australian Financial Review More rates pain denotes an even greater focus on the fight against inflation. Rightly so. As the Reserve Bank pulls harder on the monetary policy lever to reduce aggregate demand, a proper focus also falls on the role of all governments to do likewise through… Read more »
Media Releases
Banking productivity measures to help boost competition and benefit customers
Read more
23 October 2026
Banks welcome Treasurer Jim Chalmers’ release today of draft regulations to lift the cap on covered bond issuance, a practical step that would help small and mid-tier banks access cheaper, more stable funding. ABA CEO Simon Birmingham said these changes, including streamlined reporting for smaller banks, are a welcome part of the Government’s broader productivity… Read more »
Media Releases
Banks welcome calls for regulation that backs growth
Read more
21 October 2026
Banks have welcomed Shadow Treasurer Tim Wilson’s call today for the Australian Prudential Regulation Authority (APRA) and the Australian Securities and Investments Commission (ASIC) to give more weight to economic growth in their decision making. ABA CEO Simon Birmingham said regulation that supports growth is key to lifting productivity across the economy. “Banks want to… Read more »