As published by Mortgage Professional Australia today, the Australian Bankers Association has announced that business borrowers will get 90 days’ notice of whether their loans will be renewed. The ABA was responding to the Carnell Inquiry into small business loans, which was launched in 2016 to protect borrowers from what the report terms “complete asymmetry of power in the relationship between banks and small business borrowers.” Small business ombudsman Kate Carnell recommended that for loans under $5m banks should give borrowers a decision on roll over at least 90 business days before loans mature, so borrowers can organise alternate financing. If you require assistance don't hesitate to contact me; delighted to keep my calendar open to answer any questions.