COVID suport: phase two
6 October 2020
This year’s federal budget will help Australia recover from the economic impact of COVID‑19 and create jobs as the nation recovers.
The Australian Banking Association has welcomed the strong focus on support for small and medium businesses and direct assistance to families.
“Australian banks stand ready to continue their role helping millions of Australians through 2020”, said Australian Banking Association Chief Executive Anna Bligh.
“This budget is a key milestone as we shift from emergency to recovery, from triage to rehabilitation.”
Australia’s banks are assisting hundreds of thousands of families and small businesses, through the deferral of loan repayments.
Australian banks stand ready to continue their role helping millions of Australians through 2020.
ABA CEO Anna Bligh
“Government support for small business is vital. Allowing businesses to fully expense investments will provide a much-needed shot in the arm.”
“This budget has the right focus on creating jobs and will help chart Australia’s road to recovery”, Ms Bligh said.
The Australian Banking Association will continue to partner with government in the interest of all Australians.
A new digital economy
Latest news
Media Releases
ABA statement on Scam Prevention Framework
Read more
28 May 2026
The ABA acknowledges today’s release of designations, draft industry codes, draft rules and a government discussion paper regarding the Scam Prevention Framework (SPF). Banks will scrutinise these SPF settings carefully to ensure they: ABA CEO Simon Birmingham said the most important policy objective of the SPF needed to be preventing scam losses in the first… Read more »
Transcript
Press Conference with Alliance Business Leaders
Read more
13 May 2026
E&OE Bran Black, BCA: I’m here with colleagues from industry associations that represent the length and breadth of Australia’s economy, and we’re here today to talk about a couple of key features of the Budget. What I wanted to do is just take a step back first and just talk about how we came together…. Read more »
Media Releases
JOINT STATEMENT: Budget takes a positive first step on productivity
Read more
12 May 2026
The Alliance of Industry Associations described measures in the Federal Budget as positive first steps on productivity reform, while calling for further action to deliver sustained cost of living relief for households and businesses. The Alliance, representing around 30 industry groups from a broad cross-section of Australia’s economy, has previously called for a significant package… Read more »