You will all recall our earlier e-Alert regarding the Queensland Government’s announcement that the end date for the Regulations governing COVID-19 rent relief for commercial and retail leases would be extended to 31 December 2020.
The Regulations have now been amended and as announced, rent relief is now available for tenants for the period commencing 1 October 2020 up to and including 31 December 2020 (the Extension Period).
Apart from the change to the end date, other amendments contained in the Regulations are that, on and from 1 October 2020:
Other than the above, the Regulations remain unchanged and continue to contain the existing restrictions on drawing on bank guarantees or terminating Leases for failure to pay rent or outgoings, or to continue to trade.
"The content of this publication is for reference purposes only. It is current at the date of publication. This content does not constitute legal advice and should not be relied upon as such. Legal advice about your specific circumstances should always be obtained before taking any action based on this publication."