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ARTICLE · 21 JANUARY 2022

Victorian Commercial Tenancy Relief Scheme (CTRS) set to be extended

Holding Redlich
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The Victorian Small Business Commission (VSBC) website notes that there will be some changes to the CTRS moving forward.

AustraliaReal Estate and Construction
Alana Giles
Alana Giles
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In a press release issued on 15 January 2022, the Victorian Government announced that the Commercial Tenancy Relief Scheme (CTRS) will be extended until 15 March 2022 in response to the Omicron wave of COVID-19.

The CTRS was otherwise due to end on 15 January 2022.

Regulations giving effect to the extension have not yet been released, but the Victorian Small Business Commission (VSBC) website notes that there will be some changes to the CTRS moving forward.

The key points from the press release and update issued by the VSBC are as follows:

  • the extended CTRS will have retrospective operation from 16 January 2022. This is to ensure that tenants who were already receiving rent relief and remain eligible for relief don't experience a gap in support

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