The Australian Banking Association (ABA) is the information source for the news media on the Australian banking industry, providing information, analysis and context on industry issues.
The ABA plays an active role in the public dialogue on banking and financial services, providing commentary on broader industry issues and facilitating access to other sources of information.
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“No customer is going to wake up the day after the 31st of March and find that there is some legal action being taken by their bank on their loan.”
Banks have developed an industry-wide, consistent approach to hardship and a new online tool to guide customers.
Almost half of deferred loans are now being repaid again as Australians recover from the pandemic
This new phase of support turns a cliff into manageable steps for Australians to get back on track.
Australians affected by the catastrophic bushfires across parts of Australia are encouraged to contact their bank to access a wide range of assistance available.