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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