Article from ABC news on Big 4 putting payments on hold
25 March 2020
We thought this article (link below) was useful in explaining the terms and some of the processes the Big 4 banks have advised regarding those customers seeking to defer their repayments due to COVID-19 impacts. Given approximately 80% of Australians bank with these institutions, this covers a lot of our clients.
We will be issuing this week our own advice around the potential pitfalls of deferring payments, so please stay tuned.