On Tuesday 7 April 2020, the Commonwealth Government announced details around a mandatory ‘Code of Conduct’ for commercial leases. The Code applies to all tenancies suffering hardship as a result of COVID-19 and are eligible for the Governments JobKeeper programme and with an annual turnover up to $50 million. Landlords are required to agree on bespoke arrangements on a case-by-case basis.
We will be communicating directly with our commercial owners immediately, as soon as we gain a full understanding of the Code. To read the full details of the National Cabinet Mandatory Code of Conduct click here.