Major banks have put commercial landlords under moral pressure not to evict tenants or terminate leases.
Landlords will be extended a six month loan repayment holiday on the condition that they "do the right thing" and agree to throw distressed tenants a lifeline.
Australian Banking Association chief executive Anna Bligh tells me despite the measures, there's more pain to come.
Also, the Foreign Investment Review Board will now scrutinise all proposals in a tightening of rules to protect Australian assets and distressed companies from potential raids. ABC's Peter Ryan with this analysis.
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