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ARTICLE · 08 AUGUST 2021

Update: Victorian Government reintroduces COVID commercial tenancy relief scheme

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This Bill aims to mitigate the effects of COVID-19 in relation to certain eligible commercial leases and licences.

AustraliaReal Estate and Construction
Chris Brodrick
Chris Brodrick
Alana Giles
Alana Giles
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The Victorian Government has announced the reintroduction of the Commercial Tenancy Relief Scheme (CTRS) and the Commercial Tenancy Relief Scheme Bill 2021 (Bill) was read in Parliament on 3 August 2021.

The purpose of the Bill is to enable the making of regulations to mitigate the effect of COVID-19 in relation to certain eligible commercial leases and licences, and to reinstate mechanisms to resolve disputes between parties to eligible leases.

If passed, the Minister for Small Business will have the power to make regulations regarding various matters, including:

  • prohibiting termination of eligible leases
  • changing any period under an eligible lease in which a party must or may do something

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