If your business has been impacted by COVID-19 and you are struggling to pay your commercial lease, the new National Cabinet Mandatory Code of Conduct (the Code) could help.
The Code will apply to tenants impacted by COVID-19 who are eligible for the JobKeeper payments. That is:
- businesses whose turnover is under $50 million; and
- whose revenue has decreased by at least 30%.
When you negotiate temporary rent relief with your landlord, you are both required to keep the Code’s mandatory principles in mind.
For state specific information and updates please read our article here.
