Provide excessively favourable conditions down under? (7-3)

I believe the answer is:

feather-bed

This clue could be a double definition.

'provide excessively favourable conditions' is the first definition.
(to feather-bed is to give good conditions)

'down under?' is the second definition.
'feather bed' can be an answer for 'down' (thesaurus). I'm not certain of the 'under?' bit.

I've seen this clue in The Guardian.

Want a hint initially instead of a full solution? Install my app