fbpx
Click here for the latest banking information on COVID-19

Budget 2020 charts the road to recovery

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.


COVID suport: phase two


A new digital economy

Latest news

1 / 3
Transcript
TRANSCRIPT: ABA CEO Anna Bligh on ABC NewsRadio: banks still supporting customers
20 January 2021

“…banks can go back to their normal processes and that is working out what’s right for every single customer, on an individual tailored basis with a proper assessment. That is the best thing for the customer.”

Read more
Op-Ed
Efficient and Responsible: Getting the Lending Balance Right
25 November 2020

Access to credit opens up opportunities and fulfills aspirations. Getting it right requires the right balance between consumer protections and the flow of credit.

Read more
Transcript
TRANSCRIPT: ABA CEO Anna Bligh on ABC Radio’s AM 18 November “a chance to get back on their feet”
18 November 2020

Interviewed by AM’s Peter Ryan, ABA CEO Anna Bligh talked about the substantial drop in loan deferrals since their peak during the pandemic, falling from 900,000 to 300,000.

Read more