As banks announced they would allow flood-affected customers to defer their mortgage payments for three months, BCA president Jennifer Westacott said it was crucial businesses and communities were given hope after natural disasters.“Businesses are already stepping up, just as they did through bushfires and the pandemic, but the scale of this disaster is enormous,” she said.
The assistance can include $2000 vouchers to help replace tools and equipment, and $500 vouchers to cover the costs of business recovery plans, help cut through government red tape and develop marketing plans. “BizRebuild, set up by the Business Council, is the only fund in Australia specifically designed to help businesses recover as a part of our mission to rebuild even stronger communities and restore thriving local economies.”The Australian Banking Association said banks would allow flood-affected customers to pause mortgage, credit card and some business loan repayments to assist with the recovery.
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