The Australian Government has announced a $1 billion Economic Resilience Program to be drawn from the $15 billion National Reconstruction Fund.
Through the Economic Resilience Program, eligible Australian businesses will have access to zero interest loans to support identified industries impacted by market disruptions, or help maintain and build national strategic and economic resilience.
Support provided through the Economic Resilience Program is designed to assist logistics and manufacturing businesses in areas such as freight, fuel, plastics and fertiliser who are materially impacted by market disruptions related to current conflicts and global price rises for key inputs.
Applications for loans through the program open on April 20, 2026.
There are two parts to the program:
- Zero interest loans administered directly by a participating bank to a customer who has annual turnover of up to $100 million and seeks a loan of up to $5 million.
- Zero interest loans administered by the NRFC for companies with turnover in excess of $100 million or who are seeking a loan of more than $5 million.
An FAQ document has been created to help potential applicants understand the program, its intent, key eligibility requirements and how to apply.
Bank administered loans
The Economic Resilience Program is aimed at supporting manufacturing and logistics businesses, with a focus on businesses operating in freight, fuel, fertiliser, and plastics critical supply chain sectors that have been impacted by market disruptions.
Businesses with annual turnover of less than $100 million and who seek a loan of up to $5 million should apply through the bank administered program. The bank-administered part of the program will be open for loan applications for six months.
Loans through this part of the program will carry a term of up to two years. While zero interest is payable, the principal amount of the loan must be repaid in full and standard bank fees will apply.
Applications will be decided by participating banks according to guidance supplied by the NRFC. The following banks are currently participating in the program:
| Participating bank | Contact details |
| Commonwealth Bank | Commonwealth Bank customers please contact your Relationship Manager if you have one. Alternatively, contact our Business Banking support team on 13 19 98. |
| Westpac | For Westpac customers, please reach out to your business relationship manager, or connect with our rapid response team via the Westpac website: https://www.westpac.com.au/business-banking/rapid-response/(Opens in a new tab/window) |
| NAB | Existing NAB customers can contact their usual banker. Customers who do not have a dedicated business banker can reach out here: https://www.nab.com.au/contact-us/business/business-loans(Opens in a new tab/window) |
| ANZ | ANZ customers can reach out at the web address below: https://www.anz.com.au/business/loans-finance/government-economic-resilience-program/(Opens in a new tab/window) |
| Bank of Queensland | If you are an existing BOQ business customer, reach out to your current business banker in the first instance, or alternatively contact your local branch orerp@boq.com.au |
| Bendigo Bank | Existing Bendigo Bank customers please reach out to your business banker. If you don’t have a business banker please reach out to our call centre number 1300 236 344 (option 3 Help With loans then Option 4 For A New Business Loan). |
| Judo Bank | Judo Bank customers please contact your Relationship Banker directly. Alternatively you can call 13 58 36 or email customers@judo.bank |
More lenders may be added to the program over time.
To be considered eligible, businesses will need to demonstrate:
- That they are an Australian manufacturing or logistics business (have an ABN)
- That they are in an identified sector (see ANZSIC Code list below)
- That they have been materially impacted by market disruption (documentary evidence/customer attestation)
How to apply: Businesses seeking a loan through this part of the program should contact their bank directly.
A customer guidance document has been created to help potential applicants better understand the eligibility and assessment requirements of the bank administered loans component of the program.
Bank Participation Program and Conditions
wow APRA leverage ratio 3.5%, now we can see where the house price inflation comes from
.
5 Leverage Ratio
The Group’s leverage ratio, defined as Tier 1 Capital as a percentage of total exposures, was 5.0% at 30 June 2024. The ratio was flat
on the prior half, with the impact of capital generated from earnings and lower exposures offset by the redemption of PERLS XI and
payment of the 1H24 dividend.
Under APRA’s revised capital framework effective 1 January 2023, the minimum leverage ratio requirement for IRB banks, such as CBA,
is 3.5%.
Summary Group Leverage Ratio ¹ 30 Jun 24 31 Mar 24 31 Dec 23 30 Sep 23 30 Jun 23
Tier 1 Capital ($M) 66,963 66,853 68,093 66,359 67,771
Total Exposures ($M) ² 1,339,175 1,369,458 1,362,098 1,347,663 1,334,426
Leverage Ratio (%) 5.0 4.9 5.0 4.9 5.1
.
( Commmbank )
.
The Australian Prime Minister associated with the creation of Australian Prudential Regulation Authority (APRA) was John Howard.
APRA was established in 1998 as part of a major overhaul of Australia’s financial regulatory system following the recommendations of the Wallis Inquiry. The reforms aimed to strengthen supervision of banks, insurers, and superannuation funds under a single prudential regulator.
.
Gun buyback, Housing boom, All the way with W Bush, paid off debt by selling all the assets
UnaParty in full flight with another trick up its sleeve?
Load up businesses with more debt during a debt bubble, great.
The easiest targets of acquisition are likely in the under $100M group.
The ER Program has $1B to split between the banks and the NR Fund.
What are banks famous for? Fractional Reserve Lending (FRL), ring a bell?
The CBA, according to Basel III Pillar 3 Report 2024, had a Leverage Ratio of 5.0% (page 10).
[h ttps://www.commbank.com.au/content/dam/commbank-assets/investors/docs/results/fy24/CBA-FY24-Basel-III-Pillar-3-Disclosure.pdf].
The obvious 2 questions: For each $1M a commercial bank accesses from the ER Program –
1. will the bank return $1M (less admin fees) to the ERP? or;
2. will the bank FRL the crap out of $1M, and create $20M in interest-free loans?
And If the banks do their usual FRL dance and song, will they return the extra $19M they created out of thin air to the ERP, or is that kept on the down low?
What of the smaller transport companies who don’t have an annual $100 million turnover ? Hanson Australia building materials & cement is owned by a German building materials conglomerate so the Australian operations might have their fuel negotiated on a world wide basis contracted price .
Livestock haulage is operated on a seasonal basis all over Australia depending on rainfall.
Co-Ord transport was owned by a cement company and was purchased for tax reduction purposes for their parent company ;Much like many profitable companies purchase loss making companies to reduce their tax bill
The BANKS are the ones “giving” the interest-free loans? How ludicrous. Albanese expects truckers to take up the massive cost of trying to keep the country fed because he and his co-horts stuffed up deliberately by closing the refineries? All Truckers should be given FREE fuel and truck maintenance so they can keep the country -including Albanese and his family – fed!
Well folks,
Never waste a good “crisis”, especially when so much effort went into creating it.
Remember the national emergency roof insulation campaign?
Right. The fake foreign-owned sold-out paid-off CORPORATE anti-Australian “government” does nothing well if not pissing all of Australia’s wealth up against the Globalist wall.
Hey, blood-sucking banksters gotta eat too. Except it’s YOU they aim to eat.
Re-🤮-🤮-🤮 woke what?
Elected Servants representing political parties, caused fuel scarcity are now expecting transport companies and the people to accept their debt creations?
The parties should bear the cost of their re-🤮-🤮-🤮 woke policies.
The industries affected don’t need loans they need subsidies or tax relief. Better still the U.S. that started this war should be supplying oil products free of charge to cover the shortages and price increases. That would maybe discourage them from starting these wars around the globe.
More government credit creation ( money printing ) will fuel inflation and give the RBA another excuse to punish young home-buyers leading to Globalist agenda Zero Population Growth. Satanists don’t care about improving the quality of babies they just want to kill them all, because the babies are potentially in competition with their own bloodlines. They will inject the babies dozens of times then say they don’t know why your baby got allergies / autism / sudden infant death etc.
So the crooked ALP will do nothing to drill for oil as recommended by CN in the top story ( Queensland – Texas ) because they are so beholden to Globalist agendas, depop and specifying “renewable” only. ALP ambassador to Club of Rome is Sharon Burrow, ex unions.
It will be renewable alright when all the batteries get old and stop working after 10-20 years and have to be paid for again. When the “solar farms” get hit by hail. When all the idiotic windmills out at sea have rusted out and fallen over. The whole lot will have to be renewed on a regular basis, because the ALP schemes have economic destruction and system failure baked in.
We would never have shut down coal-fired if the ALP was not beholden to Globalists who hate us. We would exit coal in a much slower and better organised process. Globalists hate Melbourne the most and want to make it into a far south Bangladesh with experimental injections factories all around. Nobody in their right mind would stay there unless they wanted a long battle with the government. The politicians are all phonies pretending nothing is happening. The place runs quite simply on escalating debt.
What a bloody waste of time and money. What should be happening is the fake government in Canberra should SUBSIDIZE fuel instead of offering loans that will be based on ridiculously high fuel prices. The base should be the price immediately before the Iran crisis broke out, and should apply equally to all fuel users. The second thing these fools need to realise is that their Green Fantasy is just that, EVs will not work as Bowen fantasies, wind and solar have proved to be a disaster so, they need to grow up, leave the university activists behind and start doing their job. Instead of wasting BILLIONS on subsidizing foreign companies profit margins in unreliable fake renewables. They should ditch all that, divert all this money into building new refineries and scrap the Greens and all the green/black and red tape that is strangling the nation. If we need oil and fuel, we used to have an ally, the USA, who is now an exporter of fuel, Albo needs to take off his nappy, put on some big boy pants and go see Trump to make a real deal, instead of crowing that he has arranged for TWO DAYS of diesel to come from Asia. Yes that’s correct and out inner city green fools need to understand, no diesel, no food on the supermarket shelves, then where will their green lies get them? Just remember SHY and her famously dumb statement “we don’t need farmers, we can just buy our food from the supermarket”, it is this insanity that has us in this mess.
[…] Source link […]
As usual, obvious bob, you have a point.
The UnaParty could probably run a bath, maybe even an op shop, but forget about turning a profit from the sale of public resources. It’s not their thing.
‘$1B Economic Resilience Program to be drawn from the $15 billion National Reconstruction Fund’.
Shell game much?
Meanwhile ‘56% of gas exported from Aust attracts ZERO ROYALTY PAYMENTS, effectively giving a public resource to multinational gas corps for free. . . . Over the last four years, multinational companies made $149 billion exporting ROYALTY FREE gas. At least $13.3 billion in revenue could have been raised over the last four years had royalties been charged on ROYALTY-FREE gas.’
h ttps://australiainstitute.org.au/post/gas-exports-56-given-to-corporations-royalty-free/ (2024)
Rather than fairly collect royalties, the UnaParty wants to further indebt local businesses.
Great move, siphon off funds from the NRF and involve banks to do the dirty work.
As I said to Richard Marles’s staffer over the accusation I made that he and the government were in BREACH OF CONTRACT over their fuel supply failure, the $64 billion’s worth of fuel excise in question does not belong to the government but to the people, and needs to be repatriated to the people in the form of a complete abolition of the excise.
So now the government wants to loan businesses tour own money rather than divulge the whereabouts of that $64 billion and return it to whom it belongs.
We might also ask the same about the alcohol and tobacco tax, which should be going to fund our ailing health system.
And perhaps we should also ask why the scammers who ripped all that loot out of the uber-corrupt NDIS system, which was flawed from the start, are not being identified and prosecuted for their thievery?
The government, whose only reason for existing IS the delivery of services is-as acknowledged by Marles and local Geelong Senator Sarah Hanson’s staffers-in BREACH OF CONTRACT must face the music and must fess up about all of the above-mentioned issues.
This article answered many of my questions. Thanks for putting it together.
[…] Source link […]