Skip to main content
Get step-by-step help: Financial Assistance Hub

New Code provides welcome clarity for retail landlords, tenants and banks

7 April 2020

The new Code of Conduct for small and medium enterprises leasing principles during the COVID-19 crisis brings very welcome clarity to all parties involved.

Australian Banking Association CEO Anna Bligh said the Code would give important guidance for all parties on managing a difficult issue for retail landlords, tenants and banks throughout the COVID-19 pandemic.

“All parties involved should be commended for finding a way to resolve a very difficult situation in a relatively short period of time,” Ms Bligh said.  

“The Code outlines a set of principles which are fair and equitable to all parties.  They will give clarity to banks when they are dealing with tenants and landlords experiencing financial stress during this difficult time.

“All parties involved should be commended for finding a way to resolve a very difficult situation in a relatively short period of time”  

ABA CEO Anna Bligh

“Today’s Code complements the assistance already on offer. As announced last week banks have offered businesses with up to $10m in total loan facilities a six month deferral on repayments for loans attached to the business. As part of this initiative, if commercial landlords applied for assistance they would be required to commit to not evicting tenants throughout the COVID-19 crisis.

“For those businesses with loans above $10m, being more sophisticated and complex, would be treated on a case by case basis.

“Australian banks are committed to supporting their customers through the COVID-19 pandemic and the associated economic pressures it has brought with it.  This Code provides a welcome tool to assist them in this process,” she said.


Contact: Rory Grant 0475 741 007

Latest news

1 / 3
ABC RN: banks respond to floods, inflation
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.

Read more
Media Releases
On World Elder Abuse Awareness Day the ABA calls for cooperation to combat financial elder abuse
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.

Read more
Media Releases
Australia can bank on growing agribusiness sector
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.

Read more