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WSBA EXTENDS INTERNATIONAL REACH
Increases digital footprint in COVID-19 times
24-HOUR SUPERMARKET TRADING WELCOMED
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HOW RESPONSE AND UNCERTAINTY COLLIDE
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LAW FIRM CAUTIONS AGAINST SUPER ACCESS
Downside of withdrawing your funds
THE ability to access up to $10,000 of your superannuation this financial year, tax-free, if you are unemployed as a result of COVID-19, may seem like a good option but it will come at a cost.
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BANK SUPPORT FOR BUSINESS
DARREN BALL
BANKS ANNOUNCES SMALL BUSINESS RELIEF PACKAGE
FOLLOWING the RBA's announcement to cut the cash rate to a record 0.25%, and the subsequent announcement to set up a $90B term funding facility for banks to use to support SME clients, the Australian Banking Association has today announced it will defer loan repayments for six months for those SME's affected by Coronavirus.
The finer detail:
The package could mean as much as $8B worth of loan repayments will be deferred for the six month period.
Banks have set up a fast track approval process and have already started reaching out to their customers to communicate the offer. If you have not heard from your bank you are encouraged to reach out to your account manager.
The package is currently subject to authorisation by the ACCC.
SUPERMARKETS TO RECEIVE DELIVERIES 24/7
SUPERMARKETS across NSW are now able to receive deliveries 24 hours a day to restock their shelves under new rules introduced by the NSW Government.
