New $154.5 million relief package to support tenants, landlords and construction industry
The McGowan Government has announced a new package to support tenants, landlords and the construction industry in the COVID-19 pandemic.
The package adds to the McGowan Government’s $1.7 billion stimulus and relief package for businesses and households impacted by the COVID-19 pandemic.
It complements the introduction of a six-month freeze on rent increases, the moratorium on evictions from March 30, 2020, and the $25 million small business rent relief package announced last month.
The McGowan Government has set aside $100 million of the new package for land tax relief grants to be paid to commercial landlords.
To be eligible, commercial landlords must provide rent relief that equates to a minimum of three months’ rent and freeze outgoings to small businesses that have suffered at least a 30 per cent reduction in turnover due to COVID-19.
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