Coronavirus Outbreak

[weststigers]

One question -Do the banks pass on requests for deferral information to credit agencies? Are there safeguards to prevent this happening? Sorry that's two questions.

Honestly, this has happened so quickly, that we haven't been advised how that will play out.

To put your mind at ease, it will not go down as a default or serious credit infringement.

I'd say many people will be in the same boat, so there will be an understanding across the finance sector if payments were deferred during this time.

More likely there will be a lower risk appetite for certain industries after this blows over which will restrict credit across those industries.

I've already had emails from lenders saying they will not lend to industries that have been closed down. Understandable, but I also think these industries will be labelled as high risk in the future making loans harder to obtain for businesses and employees in those sectors.

 

[Tim Sheens]

Cruise ship off WA coast with 1700 aboard and a reported 250 with respiratory distress. No Australian passengers aboard. This potentially could overwhelm all medical facilities. When do cruise companies start to take responsibility?

AFL clubs to make redundant between 70 to 80 per cent of staff

Yeah, and there are some 3000 Aussies on other ships at the moment, with 300 odd of those about to disembark in Hawaii before being flown home.

I recall someone on here recently boarded a cruise, so sorry if he/she is offended. In light of what we had learnt in the previous month and more, anyone that boarded one in recent weeks was absolutely crazy and now pose a terrible risk as a result of their actions.

 

[pawsandclaws1]

A huge concern I have at the moment is that there has been no word on temporary nationalisation of private hospitals, along with their doctors and staff. For mine that is the only way that care will be given based on need, rather than thickness of wallets.

Whilst the state's would control them as part of overall response, I don't think they have the power to compel them to cooperate, with procurement at many levels a federal responsibility.

This is an interesting issue and we will have to see how this plays out.

Is anyone else frustrated by the increasingly parochial views being expressed by our smaller States? McGowan says he is there to protect West Australians? The borders are closed in WA, SA, Tasmania, NT and Qld. It is fortunate VIC and NSW take a more accommodating view of things. Who does not believe these smaller States will be the first to come calling for resources? About time they got their collective heads out of their arses and realise we are all Australians.

 

[Tiger5150]

A huge concern I have at the moment is that there has been no word on temporary nationalisation of private hospitals, along with their doctors and staff. For mine that is the only way that care will be given based on need, rather than thickness of wallets.

Whilst the state's would control them as part of overall response, I don't think they have the power to compel them to cooperate, with procurement at many levels a federal responsibility.

This already exists and private hospitals can be compelled to take public patients already. This will not be an issue.

You do NOT want to nationalise Private hospitals, temporarily or not. All over Australia, there are many sick, dying and busted people getting important health care, some of it critical. These existing patients are entitled to the best care. There are 13 COVID patients in Australian Hospitals.

 

[pawsandclaws1]

Cruise ship off WA coast with 1700 aboard and a reported 250 with respiratory distress. No Australian passengers aboard. This potentially could overwhelm all medical facilities. When do cruise companies start to take responsibility?

AFL clubs to make redundant between 70 to 80 per cent of staff

Yeah, and there are some 3000 Aussies on other ships at the moment, with 300 odd of those about to disembark in Hawaii before being flown home.

I recall someone on here recently boarded a cruise, so sorry if he/she is offended. In light of what we had learnt in the previous month and more, anyone that boarded one in recent weeks was absolutely crazy and now pose a terrible risk as a result of their actions.

I'm surprised travel insurance would apply in the circumstances. Knowingly putting yourself inside an incubator for this virus and the staple gastrointestinal trouble may void insurance It would be amusing if many of these Australians were from the smaller States and required intensive treatment.

 

[Tim Sheens]

A huge concern I have at the moment is that there has been no word on temporary nationalisation of private hospitals, along with their doctors and staff. For mine that is the only way that care will be given based on need, rather than thickness of wallets.

Whilst the state's would control them as part of overall response, I don't think they have the power to compel them to cooperate, with procurement at many levels a federal responsibility.


This already exists and private hospitals can be compelled to take public patients already. This will not be an issue.

You do NOT want to nationalise Private hospitals, temporarily or not. All over Australia, there are many sick, dying and busted people getting important health care, some of it critical. These existing patients are entitled to the best care. There are 13 COVID patients in Australian Hospitals.

If the current provisions are adequate, fine, but I think that you will find that they are not at the level that could be needed. This is all about preparation.

I know nationalisation scares the small government people, but I think they should also prepare to accept it, as unless things work out somewhere near a best case scenario, they are about to see it playing out.

 

[Don Kershane]

One question -Do the banks pass on requests for deferral information to credit agencies? Are there safeguards to prevent this happening? Sorry that's two questions.

Honestly, this has happened so quickly, that we haven't been advised how that will play out.

To put your mind at ease, it will not go down as a default or serious credit infringement.

I'd say many people will be in the same boat, so there will be an understanding across the finance sector if payments were deferred during this time.

More likely there will be a lower risk appetite for certain industries after this blows over which will restrict credit across those industries.

I've already had emails from lenders saying they will not lend to industries that have been closed down. Understandable, but I also think these industries will be labelled as high risk in the future making loans harder to obtain for businesses and employees in those sectors.

Thanks -not a problem for me but I have had an experience when the GIO bungled and were trigger happy re some Workers Comp deductions and referred to a credit agency . They adm
itted their error and sent a cheque for 5 figures to my company at that time. However they didn't inform the credit agency and i received a nasty shock a few years later-took 5 weeks to sort out . So I am saying -don't overestimate the competence of Banks/ Financial Institutions.

 

[weststigers]

One question -Do the banks pass on requests for deferral information to credit agencies? Are there safeguards to prevent this happening? Sorry that's two questions.

Honestly, this has happened so quickly, that we haven't been advised how that will play out.

To put your mind at ease, it will not go down as a default or serious credit infringement.

I'd say many people will be in the same boat, so there will be an understanding across the finance sector if payments were deferred during this time.

More likely there will be a lower risk appetite for certain industries after this blows over which will restrict credit across those industries.

I've already had emails from lenders saying they will not lend to industries that have been closed down. Understandable, but I also think these industries will be labelled as high risk in the future making loans harder to obtain for businesses and employees in those sectors.

Thanks -not a problem for me but I have had an experience when the GIO bungled and were trigger happy re some Workers Comp deductions and referred to a credit agency . They adm
itted their error and sent a cheque for 5 figures to my company at that time. However they didn't inform the credit agency and i received a nasty shock a few years later-took 5 weeks to sort out . So I am saying -don't overestimate the competence of Banks/ Financial Institutions.

Good advice - for people that are worried about this, you can get a free copy of your credit file from Equifax here: https://www.mycreditfile.com.au/products/equifax-credit-report-formerly-known-my-credit-file

 

[hobbo1]


 

[AL The Tiger]

My school just got shut down today. No idea how this is all going to pan out seeing as I'm meant to be doing my HSC this year.

 

[cochise]

Dont quite get the panic over whether or not schools are open. Make your own decision and keep your kids home if you think the school should shut. My daughter will be staying home and working online. Simple. Problem solved.

My missus is a teacher and it's the teachers that are the ones screaming. Parents were already keeping their kids home.

Apart from not wanting to be exposed, it essentially doubles their workload as they need to prepare a lesson plan as well as rejig that lesson into a home learning plan for the kids that stay at home. Not easy if you see what they need to do as it is.

Coming from a teaching background myself, I think anyone expecting teacher to be delivering lessons online is kidding themselves. I also don't think it is that important at the moment.

Why not? The rest of the World is being expected to do things that are not easy and to find ways of doing *their* job in a way that they can still be productive and keep society working. What makes teachers different or special? At least teachers jobs and wages are secure, a priceless situation to be in compared to the rest of the population. If the price they pay for that security is to have to work a little harder and teach online, they should suck it up and smile.

My daughter is going to school and will continue to go to school while ever they are open to keep things as normal as possible for her at the moment. Her anxiety levels are already raise so as much as I can keep normal the happier she will be.

If and when the schools close then I am not overly worried about what she achieves. We will do a couple of hours school work in the morning with me teaching her, but it will primarily be interest based and wont be based off what the school is sending home. If schools close we will be so far away from normality that I do no believe the normal expectations should be applied. I will be more focused on her mental health, being an only child and losing contact with her peers and primarily relying on her parents for companionship is a recipe for a child to struggle to cope. That is also why I refuse to buy into the panic that is occurring all around us as that will only serve to raise her anxiety levels.

You are a good dad.

Thanks mate!

The reason is I do not think online learning will work.

For starters when we moved to Naplan online the entire system crashed, what is going to happen when we have all student's trying to log on for their lessons at once.

Secondly, schools are not prepared for this and very little training has been provided to teachers to be able to do it!

Thirdly, what do we do with the large number of kids who do not have access to the technology required? Do they fall behind because of the economic circumstances of their parents? Are we back to a system that provides education for the rich while the poor miss out?

Also, I was a primary teacher and a online learning model is not appropriate for primary students.

Finally, many many teachers are parents also, how do teachers teach online while they are also caring for their own children now that schools are closed. This is going to be an issue for anyone trying to work from home once schools close!

 

[weststigers]


Although I had a chuckle, I'm not sure this is helpful mate.

He's doubled the Centrelink payment which will be around $500-$600/week for anyone that goes on it. Lot's of money has been thrown at people in different ways.

 

[hobbo1]


Although I had a chuckle, I'm not sure this is helpful mate.

He's doubled the Centrelink payment which will be around $500-$600/week for anyone that goes on it. Lot's of money has been thrown at people in different ways.

I won’t see a cent from scomo ...never have never will .

 

[weststigers]


Although I had a chuckle, I'm not sure this is helpful mate.

He's doubled the Centrelink payment which will be around $500-$600/week for anyone that goes on it. Lot's of money has been thrown at people in different ways.

I won’t see a cent from scomo ...never have never will .

Don't know your situation mate, but if you've been affected, I'm confident financial help is available.

 

[Geo]


Although I had a chuckle, I'm not sure this is helpful mate.

He's doubled the Centrelink payment which will be around $500-$600/week for anyone that goes on it. Lot's of money has been thrown at people in different ways.

I won’t see a cent from scomo ...never have never will .

Don't know your situation mate, but if you've been affected, I'm confident financial help is available.

You can still paint..unless they close Bunnings

 

[hobbo1]


Although I had a chuckle, I'm not sure this is helpful mate.

He's doubled the Centrelink payment which will be around $500-$600/week for anyone that goes on it. Lot's of money has been thrown at people in different ways.

I won’t see a cent from scomo ...never have never will .

Don't know your situation mate, but if you've been affected, I'm confident financial help is available.

You can still paint..unless they close Bunnings

Painters don’t buy paint from bumblings

Mate owns a Haymes paint shop

 

[hobbo1]


Although I had a chuckle, I'm not sure this is helpful mate.

He's doubled the Centrelink payment which will be around $500-$600/week for anyone that goes on it. Lot's of money has been thrown at people in different ways.

I won’t see a cent from scomo ...never have never will .

Don't know your situation mate, but if you've been affected, I'm confident financial help is available.

I’m good thx mate ..
I’m a tradie , mortgage free and my retirement fund is a rental property..

 

[tiger05premier]


Although I had a chuckle, I'm not sure this is helpful mate.

He's doubled the Centrelink payment which will be around $500-$600/week for anyone that goes on it. Lot's of money has been thrown at people in different ways.

We are an island in the middle of the ocean

If he had shut the borders when news of coronavirus broke it wouldn't be here

We would be operating as normal

Obviously some industries like travel would be hard hit but not the whole nation

No cases of the virus and pubs clubs restaurants etc would be operating as normal

We gambled on controlling it and failed big time

Scomo at his best

Risking it all against the odds and losing miserably

 

[tiger05premier]


Although I had a chuckle, I'm not sure this is helpful mate.

He's doubled the Centrelink payment which will be around $500-$600/week for anyone that goes on it. Lot's of money has been thrown at people in different ways.

I won’t see a cent from scomo ...never have never will .

We must be the hard workers of the country

 

[hobbo1]


Although I had a chuckle, I'm not sure this is helpful mate.

He's doubled the Centrelink payment which will be around $500-$600/week for anyone that goes on it. Lot's of money has been thrown at people in different ways.

We are an island in the middle of the ocean

If he had shut the borders when news of coronavirus broke it wouldn't be here

We would be operating as normal

Obviously some industries like travel would be hard hit but not the whole nation

No cases of the virus and pubs clubs restaurants etc would be operating as normal

We gambled on controlling it and failed big time

Scomo at his best

Risking it all against the odds and losing miserably

Scomo gotta go !
Useless tool !