Small businesses will get a six-month break from making repayments on their loans under a coronavirus relief package announced by the banks on Friday.
But interest will continue to mount during the payment holiday, adding to the amount eventually due when the crisis lifts.
And there is as yet no relief for home mortgage customers unable to make payments because the pandemic has cost them their jobs, although the Australian Banking Association chief executive, Anna Bligh, said banks were closely monitoring the situation.
