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
Transcript
ABC RN: banks respond to floods, inflation
Read more
6 July 2022
ABA CEO Anna Bligh spoke on ABC radio on how banks are responding to the floods across NSW, and the RBA’s moves to curb inflation.
Media Releases
On World Elder Abuse Awareness Day the ABA calls for cooperation to combat financial elder abuse
Read more
15 June 2022
The ABA has called upon Federal and State Australian governments to work together to combat the ongoing problem of elder financial abuse.
Media Releases
Australia can bank on growing agribusiness sector
Read more
6 June 2022
In the 12 months to February 2022, ABA member banks lent an average of $4.2 billion to agribusinesses across the country every month.