The Australian Banking Association is "urgently seeking" re-authorisation by the ACCC for a package of "further support for customers affected by continuing COVID-19 lockdowns or those recovering from recent lockdowns."

ABA CEO Anna Bligh said "the national support package will be available to all small businesses and home loan customers significantly impacted by current lockdowns or recovery from recent lockdowns, irrespective of geography or industry.The support includesrepayment deferrals of up to 3 months repayment on business loans, with loan terms extended accordingly - at least for small business customers (those with business loans of less than $3 million and a turnover of less than $5 million).

Refunds of merchant terminal fees for up to 3 months, and waiving of fees and notice periods on Cash Deposit and Farm Management Deposit accounts for up to 3 months round out the offer to business customers.

For home loan customers there will be "a range of support measures, including deferrals on a month by month basis.

"Banks are ready to do whatever they can to shield their customers from the impact of these recent lockdowns”, Bligh said.

Three months loan deferrals will soon be forever deferrals as the lawless Sydney culture drives the city in the direction of an extended coronavirus lockdown and curfew conditions.