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APRA announces further regulatory support for loans impacted by COVID-19
20 July 2021
Media Release: A number of authorised deposit-taking institutions (ADIs) have announced COVID-19 support packages that will provide affected borrowers with an option to defer their loan repayments. These packages have been offered to small business and home loan customers.
In response, APRA is providing regulatory relief to assist ADIs in supporting their customers through this period. For eligible borrowers, ADIs will not need to treat the period of deferral as a period of arrears or a loan restructuring.
This will apply to loans that are granted a repayment deferral of up to three months before the end of August 2021.
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