More info on business help
24 April 2020
Priority for businesses wanting to cover wages
Australia’s banks have bolstered their efforts to help businesses needing funding to bridge the gap until the first Jobkeeper payments in May.
These JobKeeper hotlines are now live:
- ANZ: 1800 571 123
- Bank of Melbourne: 1300 784 873
- Bank SA: 1300 669 472
- BOQ: 1300 55 72 72
- Bendigo Bank – web enquiry only
- CommBank: 13 26 07
- NAB: 1800 JOBKEEPER (1800 562 533)
- St George: 1300 730 196
- Suncorp Bank: 13 11 55 (then select 1,3,3,1)
- Westpac: 1300 731 073
Banks are also fast-tracking efforts to streamline assessments with the ATO that confirm JobKeeper eligibility.
These efforts will help add to the $700 million worth of loans already provided to businesses to help them through the economic crisis caused by the coronavirus pandemic.
The industry has a range of support to small businesses affected by COVID19, including six month deferrals on loans attached to the business, extending existing lines of credit and waiving fees and charges.
Latest news
Click here to read the statement from Way Forward.
The ABA has today announced that former ASIC Deputy Chair Peter Kell will undertake the five yearly independent review of the Banking Code of Practice, the rule book that sets standards of service for customers. The Code sets out consumer protections and safeguards that are in addition to the law for individuals, small business customers… Read more »
ABA welcomes today’s move by the Reserve Bank of Australia to designate Armaguard under the recently legislated Cash Distribution Framework Act. ABA CEO Simon Birmingham said this was an important step in providing ongoing stability to the distribution and availability of cash across the economy. “The Cash Distribution Framework is an important piece of regulatory… Read more »