We are continuing to operate our business to help you find the right financial solution during this pandemic. However, we are practising our business model to suit the latest safety regulations to keep everyone safe. We have decided to conduct client meetings through methods such as online video interviewing, Skype, etc. The only time we would request our clients to meet us face-to-face in the event of original ID verification before lodging applications to lenders. Our lenders are providing all support & help for our clients to get through these difficult times.
As the situation around COVID-19 continues to develop, we understand the importance of your concerns and support that you may need during this pandemic. The Government’s consolidated package of $189billion represents fiscal and balance sheet support across the forward estimates of 9.7percent of annual GDP.
Government supports provided are:
(Individuals, households & businesses)
Income support for individuals
Payments to support households
Temporary early release of superannuation
Temporarily reducing superannuation minimum drawdown rates
Reducing social security deeming rates
(Support for businesses)
Boosting Cash Flow for Employers
Temporary relief for financially distressed businesses
Increasing the instant asset write-off
Backing business investment
Supporting apprentices and trainees
Support for Coronavirus-affected regions and communities
Most banks are assisting with financial difficulties on repayments of home loans or any other credit facilities to eligible customers.
Banks support provided are:
Hold repayments up to 6 months (Residential & Commercial customers)
Decrease interest rates by 0.15%
Dedicated support line to assist customers
The State & Federal governments are requesting all Australians to maintain the social distance and maintain hygiene to keep all of us and the community safe. The recommended social distancing is 1.5m and please look after each other during this period and it will help to defeat the spread of this deadly virus.
If you are in a situation of needing assistance, please contact your lender directly through the channels provided on their websites to get help and support that you need.
You are more than welcome to approach me for any assistance or guidance that you may need in any situation during these difficult times.
Thanks, and please be safe.
For further information, please visit below links.
Australian Gov't economic response - https://treasury.gov.au/sites/default/files/2020-03/Overview-Economic_Response_to_the_Coronavirus_0.pdf
Australian Gov't Department of Health - https://www.health.gov.au/news/health-alerts/novel-coronavirus-2019-ncov-health-alert?utm_source=health.gov.au&utm_medium=redirect&utm_campaign=digital_transformation&utm_content=health-topics/novel-coronavirus-2019-ncov
World Health Organisation - https://www.who.int/