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

COVID-19 Banking Timeline: a financial history of the pandemic

6 May 2020


COVID-19 Timeline

What’s happened in the Australian banking sector during the coronavirus pandemic.


February 14: coronavirus assistance offered

Read more  


COVID 19 Relief

February 14: ABA COVID-19 assistance hub created

Read more


Banks respond to second government stimulus package

March 11: Government announces first stimulus package of $17.6B


Banks Small Business Relief Package

March 20: small business relief package announced featuring 6 month deferrals

Read more


Woman at computer with child

March 20: mortgage relief announced – 6 month deferrals available for homeowners


Banks respond to second government stimulus package

March 22: Government announces second stimulus package of $66B


Covid-19-FAQ-Relief

March 25: COVID-19 FAQs published

Read more


March 30: business relief extended to landlords and renters

Read more


April 3: contactless payments to increase from $100 to $200


Jobkeeper

April 5: banks support JobKeeper – credit available to bridge gap till payments begin in May

Read more


Credit Score OK

April 6: credit scores secured – COVID-19 deferrals will not affect credit ratings

Read more


SME Loan Guarantee

April 8: SME loan guarantee begin – 50% govt-guaranteed loans, no repayments for 6 months

Read more


Jobkeeper Bank Hotlines Now Open

April 24: dedicated JobKeeper business hotlines open

Read more


CovidSafe App

April 26: Bank CEOs support COVIDSafe app – will download app and encourage staff to do same

Read more


Debit Cards are Secure

April 29: voluntary debit cards for passbook holders announced

Read more


Protect yourself against scams

April 29: COVID-19 anti-scam hub updated, fact sheets in 12 translations

Read more


Woman at computer with child

May 8: 100,000 extra COVID-19 loan deferrals in a week – brings total to 643,000

Read more


Mortgages deferred by banks now pass 429000

May 16: 1 in 14 mortgages have now been deferred – 429,000 in total

Read more


Digital Signatures

June 18: Call for temporary COVID improvements to be made permanent

Read more


ABA Banking Activity Stats

June 19: Phase One banking activity statistics

Read more


Banking Code of Practice

June 25: Temporary changes to Banking Code of Practice

Read more


Open Banking

July 1: Open Banking begins

Read more


July 8: Banks enter Phase Two of COVID support

Read more


Banks respond to second government stimulus package

July 20: Phase Two SME Loan Guarantee announced

Read more


Latest news

1 / 3
Media Releases
Increased small business lending boosts Australia’s economic recovery
24 July 2020

“These figures show there are some green shoots emerging in our economy and that’s a positive sign.” – ABA CEO Anna Bligh

Read more
Media Releases
SME Loan Guarantee expanded: a welcome extension
20 July 2020

“This will be welcome news for SMEs and opens up the scheme to those businesses who are looking to invest or need some extra support.”

Read more
Media Releases
Banks enter phase two on COVID-19 deferred loans
8 July 2020

This new phase of support turns a cliff into manageable steps for Australians to get back on track.

Read more