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ARTICLE · 13 APRIL 2020

COVID-19: The Commercial Tenancies Code

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The Code aims to provide support and relief for tenants and landlords in financial distress from the COVID-19 crisis.

AustraliaReal Estate and Construction
Mary Digiglio
Mary Digiglio
Geeti Chawla
Geeti Chawla
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In our previous update, we outlined some of the measures the Prime Minister intended to implement to provide support and relief for commercial tenants and landlords in financial distress as a result of the COVID-19 crisis.

On 7 April 2020, the National Cabinet announced a mandatory code of conduct ( click here) (Commercial Tenancies Code) to be legislated and regulated by each of the State and Territory Governments.

The Commercial Tenancies Code is intended to mandate a set of good faith principles to be applied to commercial, retail and industrial leases where the tenant is eligible for the Commonwealth Government's JobKeeper assistance and is a small or medium sized enterprise (with an annual turnover of up to $50 million).

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Michael Byrnes, Partner
Phone: + 61 2 9233 5544
Email: [email protected]

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

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