Breaking news – the CTRS in Victoria is to be extended…

December 11, 2020

Uncategorized

The following was posted on the Minister Pulford’s Facebook page about an hour or two ago (emphasis added):

So many small businesses have done an amazing job to get through a tough year – and they’re looking to a strong recovery and a very different 2021.

We’ve been proud to stand with businesses and our support does not end with the closing of 2020.

The existing Commercial Tenancy Relief Scheme will be extended to provide support for small businesses that need it – to 28 March 2021 and in line with the Mandatory Code agreed by National Cabinet.

That means freezes on rent increases and bans on evictions for eligible small businesses that have requested rent relief will continue until that date.

Commercial landlords are required to provide rent relief in proportion to the tenant’s fall in turnover while the Victorian Small Business Commission is on hand to provide free mediation to resolve disputes.

Support for landlords will also be extended.
Commercial tenants and landlords can get more information at vsbc.vic.gov.au

The Ministers Facebook page is here: https://www.facebook.com/JaalaPulfordMP/

I will post more details as they come to hand.

About Sam Hopper

Sam is a property and insolvency barrister.

View all posts by Sam Hopper

Subscribe

Subscribe to our RSS feed and social profiles to receive updates.

No comments yet.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

<span>%d</span> bloggers like this: