- Temporary relief measures have been put into place during COVID-19
- Record of advice (RoA) must be provided to clients
- ASIC will continue to conduct surveillance and will monitor advice provided under relief
The Australian Government has established a A$500 million COVID-19 export capital facility under which profitable exporters that have been affected by COVID-19 will be able to access loans from A$250,000 to A$50 million.
The capital facility will be administered by Export Finance Australia, the Government’s export credit agency, and will offer loans to established and previously profitable exporters that are unable to gain finance from commercial sources due to COVID-19.
Australian exporters or businesses in an export supply chain with an annual turnover of at least A$250,000, have traded for at least two years, been profitable in either of the two financial years before the markets were impacted by COVID-19 and which are unable to secure finance from the private market (as a result of COVID-19) will be eligible for support through the capital facility.
The facility can be used to assist with working capital, capital investment, international expansion and online growth.
Small business export loans are also available for eligible Australian exporters that require finance of less than A$250,000.
For further information on Export Finance Australia, the capital facility, small business export loans and how to apply refer to the website.
Export Financial Australia website
For further information on Export Finance Australia, the capital facility, small business exportFind out more
Federal Trade Minister's website
Read the Federal Trade Minister’s media release.Read more