During the month, the Delta outbreak caused further lockdowns across Australia enabling “Team Australia” to step up to the plate yet again and assist impacted Australian businesses and borrowers. The banks have offered home loan borrowers the option of deferring repayments usually on a month to month basis as well as offering deferral options for small businesses. As soon as the banks offered support, APRA announced further regulatory support for loans impacted by the lockdowns and separately, the federal and respective state governments also announced tailored fiscal support for impacted businesses and consumers.
GCI Investment Update July 2021