The NSW government says its new six-month coronavirus support package provides greater protection for commercial and residential tenants
Under the government's $440 million package, residential landlords will be eligible for a land tax waiver or rebate of up to 25 per cent if they pass the saving on to tenants in financial distress.
Measures relating to commercial leases, meanwhile, will apply when businesses with a turnover of less than $50 million suffer a revenue drop of at least 30 per cent because of the pandemic. The state government says it will introduce temporary legislation as soon as possible to give effect to the code, which says landlords can't terminate a lease for non-payment of rent and must offer tenants rent relief proportionate to their loss of turnover.Under the state's land tax relief measures, commercial landlords will be offered a concession of up to 25 per cent of their 2020 land tax liability for relevant properties if they pass the savings on through a rent reduction.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
'A nightmare': First NSW travellers in coronavirus quarantine leave hotels after two weeksThe first international passengers to go into mandatory quarantine at Sydney hotels two weeks ago speak of their relief to be allowed to leave.
Read more »
'Quality of racing is currently unmatched': NSW Racing CEO | Sky News AustraliaRacing New South Wales CEO Peter V’landys says “it’s really disappointing we can’t have the crowds because the quality of racing in the past two weeks has been unmatched”. \n\nMr V’landys said the performance on the field was matched by that off-field. \n\n“I’m very proud because the industry has really risen to the occasion when we needed them the most,” he said. \n\n“We’ve proven we can do it and I think it’s a good example to other sports how you can do it with no risk at all to the community.” \n\nMr V’landys said the racing industry “learnt a lot from equine influenza and we were able to implement it again through this crisis”. \n\n“We had an apprenticeship then and now we’ve really got the trade with this crisis,” he said. \n\nThe NSW Racing CEO said he was hopeful racing could continue throughout the COVID-19 crisis but admitted he was “a realist”. \n\n“Things can change overnight, and if we get a positive case that could cause some grief,” he said. \n\n“But at the moment we’ve got to be positive and carry on.” \n\nImage: News Corp Australia
Read more »
Woman, 91, dead after contracting coronavirus in NSWA woman dies after contracting coronavirus in NSW, health authorities confirm, taking the total death toll in the state to 23, but the increase of cases remains steady in NSW.
Read more »
NSW records one death as Premier warns against family gatherings on Easter SundayNSW Premier Gladys Berejiklian has warned people against gathering at places of worship or with extended family on Easter Sunday as the state recorded its 23rd death from coronavirus
Read more »
NSW new COVID-19 cases drop to seven, lowest number in a monthNSW Health Minister Brad Hazzard says people need to exercise high caution over the drop which is due to a low number of tests being done over the Easter weekend.
Read more »
Health Minister 'cautious' as NSW records seven new coronavirus casesNSW Health Minister Brad Hazzard has urged people not to get false hope after revealing the lowest number of new COVID-19 cases since March 11.
Read more »