On 7 April 2020, our Prime Minister announced the terms of the
National Cabinet's decision in relation to a mandatory code of
conduct for commercial tenancies ("the
Code").
The Code is a set of principles to guide rent relief
negotiations between landlords and tenants.
The Code will be implemented by each State and Territory,
including via legislation or regulation as appropriate.
Who will the Code apply to?
The Code will apply to commercial tenancies (including retail,
office and industrial) where the tenant is suffering financial
stress or hardship as a result of the COVID-19 pandemic: the tenant
must be:
- an eligible business for the purposes of the Commonwealth
Government's JobKeeper program; and