‘Biggest structural reform’ to SME finance gets thumbs up

An accounting body has welcomed the government’s introduction of a new small business financing scheme off the back of its lobbying efforts.

Last week, Treasurer Josh Frydenberg announced that the government would introduce a $2 billion Australian Business Securitisation Fund, providing significant additional funding to smaller banks and non-bank lenders to on-lend to small businesses on more competitive terms.

Read the full article at Accountants Daily.