The ABC have posted an article foreshadowing the Federal Government’s package to help the country through the COVID-19 crisis.
The report includes the following that is relevant to landlords and tenants:
Banks, lenders and landlords would all be asked to wear some of the pain, waiving all overheads including rents and mortgage repayments for at least the next six months.
…
National Cabinet is expected to sign-off on relief for commercial and residential renters today, with state leaders moving to prevent evictions during the downturn.
For more details, see: https://www.abc.net.au/news/2020-03-27/coronavirus-business-hibernation-australia-responds-to-pandemic/12095738
March 27, 2020
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