Monday, March 30, 2020

Commercial landlords under moral pressure not to evict business tenants as banks extend six month loan holiday - if they "do the right thing"

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.

No comments:

Post a Comment

What's your view on this?