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Latest round of COVID-19 relief announced by Australian banks

Ross and Russel
Article image for Latest round of COVID-19 relief announced by Australian banks

The Australian Banking Association has a clear message for landlords after the latest round of COVID-19 relief was announced by the banks.

“The message to landlords is clear – where you look after your tenant, your bank will look after you,” Chief Executive Officer Anna Bligh said.

She said 98 per cent of businesses who have a loan with an Australian bank would now be covered by the six-month deferral of loan repayments.

Landlords who are eligible for relief will also be banned from evicting businesses who can’t pay rent because of COVID-19.

Ms Bligh said landlords would only be eligible for relief if they made an undertaking to not evict tenants who couldn’t pay.

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PIC: Getty Images

Ross and Russel
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