As the coronavirus situation evolves, so does the impact on Australian businesses, and their response.

If you are a Macquarie client and are experiencing hardship, please speak with your relationship manager to understand what options are available to you, or visit our support hub.

We are here to help.

If you are thinking about how to manage any potential cash flow impacts on your business, you may consider some of these interim steps. Please note this information does not replace independent legal, commercial, financial or tax advice from your professional advisers.

Management reporting

  • Where practical, be prepared by ensuring your financial statements are kept current, both for internal planning and for provision to external parties
  • Reconsider whether existing estimates, budgets and cash flow projections are correct, giving consideration to:
    • impact on revenue (if any)
    • availability of finance and/or cash reserves
  • Use revised budgets (taking the above into account) to undertake various stress-testing scenarios and model any impact on your busines


Keep the lines of communication open with customers, and consider making contact to discuss any changes in payment or other arrangements

  • If you don’t already have direct debit arrangements in place with customers, and it is possible to do so, you should consider whether these are appropriate
  • Review your work-in-progress (WIP) to better understand incoming cash flows, and plan accordingly
  • Review any contractual arrangements, if required.


  • If you are experiencing cash flow issues, you may want to review your current repayment terms and have any appropriate discussions with your advisers and relationship managers
  • Make sure you’re in regular contact with your accountant, so you can take advantage of any options available to your business, such as specific government schemes or grants.


  • Review all current expenses, to ensure that they are appropriate in this climate, and discuss any potential changes with your accountant or financial adviser
  • Where possible, maximise efficiencies by focusing employees on more business-critical areas.


  • Where requested, be prepared to provide updated cash flows and financial statements to your banking partners
  • Relevant support from the Australian Taxation Office can be found here.


  • Speak with your insurer or insurance broker to understand your existing business insurance coverage.

Communication and stakeholder management

It is important to remember that clear and transparent communication with your business stakeholders is more important than ever. Ensure that you keep communication channels open with staff, clients and financiers.

Additional information

This material has been prepared by Macquarie Bank Limited ABN 46 008 583 542 AFSL & Australian Credit Licence 237502 ("Macquarie") without taking into account your personal objectives, financial situation or needs. Before acting on this general information, you must consider its appropriateness having regard to your own objectives, financial situation and needs. The information provided is not intended to replace or serve as a substitute for any accounting, tax or other professional advice, consultation or service.