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
Deloitte Access Economics has now determined its recommended regulated pricing model for Armaguard’s Cash-in-Transit services. The final independent pricing mechanism report has been provided to Armaguard as well as the major banks and major retailers. This is an important milestone in working to keep cash available around Australia, even while people are using less of… Read more »
E&OERadio InterviewABC RN Breakfast with Sally SaraWednesday, 24 September 2025. Sally Sara (Host): Reserve Bank Governor Michelle Bullock has hit out at Australia’s big four banks for standing in the way of making shopping cheaper for customers. The RBA wants to ban surcharges on card payments. To fund the ban, it wants to dramatically cut… Read more »
The ABA today acknowledges and thanks outgoing ASIC Chair Joe Longo for his strong leadership as Chair of ASIC for the past five years. ABA CEO Simon Birmingham said Mr Longo had made a significant contribution to ensuring Australia has a fair financial system focused on the interests of both investors and consumers. “The ABA… Read more »