19 September 2018
Australia’s fresh fruit farmers, including strawberry farmers, affected by the ‘fruit sabotage’ issue are being urged to contact their bank to access the assistance on offer which can include deferred loan payments, waiving fees and restructuring loans.
The assistance is on offer to all farmers affected, including any who may be caught up if the issue spread to other fruits.
Australian Banking Association CEO Anna Bligh said that banks were always ready to help local producers affected by these kinds of issues and urged any farmer who needed assistance from their bank to contact them directly.
“Banks have years of experience in assisting rural producers through disasters and are ready once again to stand shoulder to shoulder with our farmers who need help,” Ms Bligh said.
“This terrible incident of sabotaging fruit has shocked the country and is already taking its toll on our fruit farmers.
“Australian Banks are ready and willing to help any producer affected by this spate of fruit sabotage, therefore anyone affected should contact their bank for assistance.
“Banks have specific hardship teams which specialise in this area, contactable through the main switchboard, who can walk customers through what can be done to see farmers through this difficult time,” she said.
ABA Member banks offer a range of services to help customers experiencing circumstances outside their control.
The type of assistance offered will depend on individual circumstances, but may include:
- A deferral of scheduled loan repayments
- Waiving fees and charges
- Interest free periods or no interest rate increases
- Debt consolidation to help make repayments more manageable.
To contact your bank regarding hardship call the service phone number or log onto your internet banking website.
ENDS
Contact: Rory Grant 0475 741 007
Latest news
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 »
E&OERadio InterviewABC Sunshine Coast3 September 2026. Topics: Upcoming card surcharge ban Tim Wong-See: Now, from the start of next month, credit card surcharge fees are being abolished following a recommendation from the Reserve Bank of Australia. So, all those extra charges that annoy a lot of you when it comes to tap and pay will… Read more »