Australian banks will extend a deferral on home loan repayments by another four months for anyone significantly impacted by the economic fallout of the coronavirus pandemic.
4min
Australian Banking Association CEO Anna Bligh said on Wednesday the move would be "specifically targeted to getting people back on repayments while continuing to help those who are hardest hit”. “Repaying a home loan is in the DNA of the Australian psyche and banks are going to help as many Australians as possible to get back on track and able to keep making their repayments,” she said.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Banks to offer further four-month mortgage break to avoid September 'cliff'Customers still struggling to make loan repayments due to COVID-19 will be offered deferral extensions of up to four months, but they will not be automatically granted, Australian banks announce.
Read more »
Banks throw lifeline to pandemic-hit borrowers to stop financial 'cliff'Banks will allow people who paused their mortgage payments as an emergency measure to extend their loan deferral by up to four months if needed.
Read more »
Australia has ‘demonised coal fired power’: Alan Jones | Sky News AustraliaTo secure Australia’s international strategic advantage, the best thing the country could do is to become a “global energy superpower” according to NSW One Nation leader Mark Latham.\n\nSky News host Alan Jones spoke to Mr Latham and Nationals Senator Matt Canavan about how Australia in recent years has “demonised coal fired power”.\n\n“Yet we’ve got hundreds and hundreds of coal fired power plants being built around the world,” Mr Jones said.\n\nMr Latham said coal and energy is one of the most important strategic questions for the Australian economy.\n\n“The immediate smart thing we could do is to become a global energy super power (because) we flourish in coal, nuclear, gas, renewables if they could hold their weight”.\n\n“That should be Australia’s international strategic advantage, reliable power, cheap power, and manufacturing jobs”.\n\nMr Canavan said if Australian coal was “good enough for the Chinese to use” then why isn’t it good enough for Australians to use.\n\nImage: News Corp Australia
Read more »
CBA customers hit by outage affecting payments, app and websiteCommonwealth Bank says some customers are having problems making payments at the bank's point-of-sale terminals, while others cannot view their credit cards and loans on the bank's app or website
Read more »
LOCKED OUT: Border shuts between NSW and Vic as coronavirus death toll rises | Sky News AustraliaVictorians will be banned from entering New South Wales from 11.59pm Tuesday night as Australia's leaders desperately try to contain the latest outbreak which continues to surge.\n\nPremier Daniel Andrews said the decision to close borders between Australia’s largest states came after a phone call between himself, the Prime Minister and NSW Premier Gladys Berejiklian.\n\n“Just an hour or so ago, where we have - all of us - agreed that the best thing to do is to close the border,” he said.\n\n“That closure will be enforced on the New South Wales side, so as not to be a drain on resources that are very much focused on fighting the virus right now across our State.\n\n“I am grateful to the Premier of New South Wales for her support in giving effect to that.”\n\nOvernight Victoria recorded an extra 127 cases of coronavirus and a man in his 90s died in hospital after testing positive to COVID-19.\n
Read more »
UK National Health Service turns 72 | Sky News AustraliaCandles have been lit and buildings turned blue to celebrate Britain’s National Health Service (NHS) turning 72.\n\nBritish Prime Minister Boris Johnson led the celebrations stepping onto Downing Street to clap for carers with frontline staff also joining in.\n\nPrince Charles and Mr Johnson marked the occasion by thanking NHS workers past and present.\n\nImage: AP\n
Read more »