Eligible commercial tenants will have greater certainty through the coming months with the Retail and Other Commercial Leases (COVID-19) Regulation to be extended until 31 December 2020.
Tenants will be required to re-establish their eligibility under the extension to the Regulation if they wish to request further rent relief, while landlords will also be required to respond to a tenant’s request for further rent relief in a reasonable time frame.
The amendments to the Regulations are yet to be made and more clarity will be provided when the amendments are published. We will provide further updates in due course.
Source: Dominic Perrottet, Treasurer, and Damien Tudehope, Minister for Finance and Small Business, [media release], 23 September 2020