E-Alert: Queensland land tax relief

Following suit from the Federal Government's newly introduced leasing principles, the Queensland Government has implemented its own principles which a commercial landowner must comply with if it wants to take advantage of the land tax relief.

The Queensland Government's principles are as follows:

1. negotiate in good faith with your tenant to seek a mutually agreeable resolution if their ability to pay is impacted by COVID-19;
2. not evict your tenant if they are in financial distress and unable to meet their commitments due to the impact of COVID-19;
3. not increase rent, except where rent is linked to turnover;
4. not penalise a tenant who stops trading or reduces opening hours;