Like many businesses, Perth's iconic Luna Cinemas owes its coronavirus shutdown survival at least in part to rent relief, but as that measure comes to an end, all eyes are on the Government to see what comes next.
When the pandemic forced iconic Perth movie haven Luna Cinemas to shut its doors in March, managing director Ingrid van den Berghe feared the closure might be permanent.The rental assistance scheme is due to end next month"I actually thought we would not open again," she said.But nearly two months ago, after the easing of restrictions, the arthouse theatre in Leederville did reopen — and trade has now returned to about 60 per cent of usual levels.
Any tenant which had lost more than 30 per cent of its usual revenue was required to be offered rent relief, proportional to that income drop.WA Premier Mark McGowan says the next step is to balance the needs of all businesses. Premier Mark McGowan said there were three options: continue the arrangement, abolish it, or come up with "a far more nuanced" scheme.According to the Property Council, the time has come to abandon those rules.
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