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Australian Bank Association announcement for commercial landlords

Business advisory newcastle
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The Australian Bank Association announced today that banks are to help commercial landlords who help tenants. This includes:

  • Australian banks will offer support to all businesses with loans up to $10m (previously was up to $3m).
  • These businesses now eligible for 6-month loan deferral
  • Commercial landlords with loans up to $10m will be able to defer their payments for 6 months and must guarantee that they will not evict anyone under financial distress as a result of COVID-19.

More details…

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