COVID-19 | Property Updates & Alerts
COVID-19 | Changes to the Foreign Acquisitions and Takeovers Act 1975 | 31 March 2020
On 29 March 2020, the Hon. Josh Frydenberg MP, Treasurer, announced changes to the way foreign investment is reviewed in Australia. View the key changes here.
COVID-19 Advocacy Alert | Loan relief measures for commercial landlords | 30 March 2020
Further to our updates on 26 March 2020 and earlier today, the Prime Minister announced last night that the National Cabinet agreed to a moratorium on evictions over the next six months for commercial and residential tenancies in financial distress who are unable to meet their commitments due to the impact of coronavirus. Read more
COVID-19 The latest on commercial tenancies | 30 March 2020
Further to our update on 26 March 2020 regarding the COVID-19 Legislation Amendment (Emergency Measures) Bill 2020 (Bill), on Sunday 29 March 2020, the Prime Minister announced that the National Cabinet agrees that short term intervention is needed for commercial tenancies. Read more
COVID-19 Legislation Amendment (Emergency Measures) Act 2020(NSW) – RETAIL LEASES ACT 1994 (NSW) | 26 March 2020
The COVID-19 Legislation Amendment (Emergency Measures) Bill 2020 (NSW) was passed by both Houses of the New South Wales Parliament on 24 March 2020, which received assent yesterday (Emergency Measures Act). Amongst other things, the Emergency Measures Act introduces a new Part 11 (Response to COVID-19 pandemic) into the Retail Lease Act 1994 (NSW) (Act). Read more
COVID-19 Legislation Amendment (Emergency Measures) Bill 2020 | 26 March 2020
The COVID-19 Legislation Amendment (Emergency Measures) Bill 2020 (Bill) was passed last night and received royal assent today. The Bill introduces Part 11 into the Retail Leases Act 1994 (RLA) (which is a new part). The new Part 11 provides that regulations MAY provide for certain matters for the purpose of responding to the public health emergency caused by COVID-19 pandemic as follows. Read more
COVID-19 Tips for Owners Corporations, Strata Committees and Strata Managers | 23 March 2020
In these unprecedented times, there is a lot of uncertainty for businesses and individuals. This uncertainty extends to the ongoing and satisfactory functioning of an owners corporation.
Strata Managers and Strata Committees should be aware of their ongoing obligations to ensure that an owners corporation continues to function satisfactorily during the Covid ‑19 disruptions. Read more