Archive for March 2020
Further protections for businesses: loan deferral scheme extended
Here’s some promising news for big and small businesses alike: six-month loan deferrals are now available to larger businesses on the condition that they don’t terminate leases or evict tenants for falling behind on their rent due to COVID-19.
Read MoreNeed to pause your mortgage repayments? Here are the banks’ deferral policies
This is one article we hope you never have to read. But if COVID-19 has impacted your income to the point where you may need to pause your mortgage repayments, then we’ve broken down the banks’ deferral policies for you.
Read MoreLoan repayments deferred six months for small businesses affected by COVID-19
If your small business is being affected by the coronavirus your loan repayments will be deferred for six months, says the Australian Banking Association (ABA).
Read MoreRBA cuts cash rate to record low 0.25% amid COVID-19 outbreak
The Reserve Bank of Australia (RBA) has cut the cash rate to a record low of 0.25% following an emergency meeting due to the impact the coronavirus is having on the economy.
Read MoreHomeowners impacted by COVID-19 encouraged to contact lender
Homeowners who have had their income impacted by the coronavirus outbreak are being encouraged to seek out hardship options with their lender.
Read MoreThe coronavirus economic stimulus plan for SMEs explained
Small businesses all around the world are facing uncertain times. However, rather than shutting up shop until COVID-19 passes, the federal government is hoping to stimulate SME spending through a raft of initiatives and tax incentives.
Read MoreFirst home buyer numbers spike to 10 year high
First home buyers are throwing themselves into the property market in numbers not seen since 2009.
Read MoreSME owners impacted by coronavirus urged to contact creditors
SME owners concerned about the coronavirus outbreak impacting their cash flow are being urged to talk to their creditors as soon as possible.
Read MoreRBA cuts cash rate to record low amid coronavirus concerns
The Reserve Bank of Australia (RBA) has cut the official cash rate by 25 basis points to a new record low of 0.50% as the coronavirus outbreak impacts global financial markets.
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