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The Victorian Government has recently passed a Bill to extend and modify the current commercial tenancy relief scheme. A key part of the legislation will be the regulations. The new regulations which will be applied alongside the new legislation are still yet to be published, however, the expectation is that the release will take place in the coming days.
The COVID-19 Commercial and Residential Tenancies Legislation Amendment (Extension) Bill 2020 received royal assent on 22 September 2020 meaning that the Act has now come into effect.
Some of the key amendments to the current scheme are as follows:
We look forward to providing you with updated information regarding the regulations once they come to hand. If you require any further information or advice, please contact our team.
The information contained in this article is general in nature and cannot be relied on as legal advice nor does it create an engagement. Please contact one of our lawyers listed above for advice about your specific situation.
The Victorian Government has recently passed a Bill to extend and modify the current commercial tenancy relief scheme. A key part of the legislation will be the regulations. The new regulations which will be applied alongside the new legislation are still yet to be published, however, the expectation is that the release will take place in the coming days.
The COVID-19 Commercial and Residential Tenancies Legislation Amendment (Extension) Bill 2020 received royal assent on 22 September 2020 meaning that the Act has now come into effect.
Some of the key amendments to the current scheme are as follows:
We look forward to providing you with updated information regarding the regulations once they come to hand. If you require any further information or advice, please contact our team.