Over the weekend, the Victorian Government announced that the Commercial Tenancy Support will be extended in light of the current pandemic until 15 March 2022 to support small and medium businesses in Victoria. What does this mean for small and medium businesses? The extended scheme will be available to small and medium businesses with an…
Under the recently enacted Commercial Tenancy Relief Scheme Regulations 2021 tenants had the ability to apply for rent relief protection if their business had suffered during the pandemic. This scheme was introduced to provide support to businesses with annual turnover of less than $50 million that have suffered a decline in turnover of at least…