CTRS mandatory re-assessment due on Sunday

October 29, 2021

Uncategorized

Mot people seem to be on top of this already, but if you’re not – DON’T FORGET THAT THE MANDATORY RE-ASSESSMENT IS DUE ON SUNDAY!!!!!!!!!!

My friends at Eastern Bridge Lawyers have written a useful post on the requirements for the mandatory re-assessment here: https://www.easternbridge.com.au/post/ctrs-2021-reassessments-due

One of the requirements for making a mandatory reassessment is that the parties have already entered into an agreement for rent relief. However, the Regulations do not expressly address what happens if the tenant has made a request for rent relief already but the parties are still negotiating without an agreement having been reached. I suggest that it is prudent for tenants to make a request for re-assessment anyway because:

  1. most tenants will want their September 2021 trading figures to form part of the ongoing negotiations; and
  2. the tenant cannot later be criticised for not having made the request for mandatory re-assessment.

About Sam Hopper

Sam is a property and insolvency barrister.

View all posts by Sam Hopper

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