Adelaide Miller

and the interchange fees but what charmers our federal treasurer has come out and said this morning is that there will be tax relief to small businesses who are unable to meet their obligations obviously now we're coming up to the end of of the financial year and so what that looks like is that some small businesses who are really struggling at the moment will get a reduction in in interest rates and penalties they'll also have flexibility with pay as you go installments

And there will also be a 10 year extension to the small business responsible lending as well.

So it's obviously timely after what happened yesterday, but obviously in the bigger picture and context of what we're seeing with petrol prices and energy and just the geopolitical uncertainty right now, I think it's a really important announcement.

Yeah, and obviously that's great that the markets can bounce back so quickly and, you know, just looking at the, even the Australian share market this morning is just leaps and bounds ahead of where it's been recently.

But small businesses are going to basically feel the impacts of this war that has been going on for a long time.

it's not something that's just going to change overnight with the possible announcement of this war coming to an end.

They're going to sort of be dealing with this for quite some time, particularly with also interest rates, weather events.

It's, yeah, it's a long road ahead for them.

Thank you for having me, Carrington.

See you later.