The Australian Industry Group/Housing Industry Association Australian Performance of Construction Index (Australian PCI®) remained in negative territory in January 2019, recording only a marginal easing in the rate of decline in rising 0.5 points to 43.1 (readings below 50 indicate contraction in activity, with the distance from 50 indicating the strength of the decrease).

The Australian Small Business and Family Enterprise Ombudsman, Kate Carnell noted the Commissioner’s acknowledgement that the Australian Banking Association (ABA) Code of Banking Practice is ‘the chief protection for small business borrowers’ and welcomes the strengthening of the code with enforceable code provisions. A breach of such provisions would constitute a breach of the law.

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