Following Friday’s National Cabinet and the Prime Minister’s press conference, there’s still no concrete information regarding support for renters. Our best guess is we’ll hear details this weekend (or early next week) about supports for both residential and retail tenancies.
In talking about retail tenancies, the PM said:
“We don’t want businesses so saddled by debts, by rental payments, by other payments that they won’t come through the other side. Landlords will suffer, banks will have to make arrangements with them. Councils may be involved with providing waivers on rates. Land tax relieved for landlords with tenants in a distressed situation. Our intent is to ensure that businesses that through no fault of their own, and an Australian who has lost a job through no fault of their own, is that we support them in the best possible way we can because they’re Australians and it’s the right thing to do. And we want them to surge again, rise again on the other side of this.”