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