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  • Writer's pictureJeannie Savage

Covid19 Banking Economic Support

Updated: Sep 10, 2021

Covid19 Banking Economic Support

The below is a summary of information provided by the Australian Bookkeepers Network:

Some financial institutions are committed to providing Covid19 Banking Economic Support to customers during this difficult time.

Act now to provide buffers or liquidity, which should give flexibility going forward. The idea is to plan for the worst, but hope for the best. In such a way, liquidity in the business will help grow profits after all this is over.

As a suggestion to our clients (for personal & business matters):

  1. Pause all finance re-payments immediately for all assets.

  2. Request postponement of principal reductions.

  3. Pause Principal & Interest loans or move loans to interest only.

Below are some links clients may find useful:

Tool Link Calculator for PAYGW:

Supporting the flow of credit:

Temporary business relief:

Support for individuals:

Support for Business:

Covid-19 A Virologist perspective:

Macquarie Bank:

CBA Home Loans: CAB Business:

ANZ Home Loans: ANZ Business:

Westpac Home Loans: Westpac Business:

NAB Home Loans: NAB Business:

Hi, I’m Jeannie from Cloud 9 Bookkeeping. Please follow us on social media to keep up-to-date with Covid19 Banking Economic Support:

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