Next period of interest is cessation of mortgage forbearance and jobkeeper.
Sure banks could always extend, but not if the economy turns such that foreclosure is the better option for them. I think some people are under the impression the RBA and banks have full control of the economy. They do not. They only have the luxury of control including 'pausing' aspects of certain sectors, if productivity remains at least above critical mass.
If we head to a proper bear market, pausing or not will not stop banks or individuals from incurring loss. There's no one in control. Keynes is not infallible. An over leveraged economy, at a point when the music stops, is the worst possible prospect. The only thing guaranteed is that history is going to repeat.
