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Commercial tenant relief update – Victoria

The Commercial Tenancy Relief Scheme Regulations 2022 (Regulations) have been released, providing relief for eligible tenants from 16 January 2022 to 15 March 2022. Eligibility Tenants who are ‘small entities’ may be eligible. A $10m turnover threshold applies, which is based on the year ended 30 June 2021 in most cases. This is lower than […]

VIC COVID-19 commercial rent relief

The Governor in Council released the Commercial Tenancy Relief Scheme Regulations 2021 on 24 August 2021. The scheme seeks to provide rent relief to commercial tenants affected by COVID-19 and operates in a similar manner to the Regulations released in March 2020, which expired on 28 March 2021. However, there are key differences including more […]

NSW COVID-19 land tax relief

The NSW Government land tax relief is now available to commercial and residential landowners who provide a reduction in rent to tenants experiencing financial distress due to COVID-19. Following a similar scheme provided in 2020, the current program provides a reduction in land tax payable for the 2021 land tax year for eligible landowners providing […]