Landlords will be forced to reduce commercial rents by the same proportion that the tenant’s revenue has fallen due to the COVID-19 outbreak, under a new mandatory code of conduct announced by the federal government today.
WA confirms seven new COVID-19 cases and records its fourth death. The Westin Perth hotel will be used to quarantine health care workers. WA gains $5.5 million in PPE equipment. New rules have been announced to help charities.
Australia has moved into the suppression phase of the coronavirus. There were 22 new infections in Western Australia, and 217 new cases across the country. Places of worship taking part in religious services over Easter will be considered "workplaces".
Collaboration across the resources industry is one of the key changes Chamber of Minerals and Energy of WA CEO Paul Everingham has witnessed as the sector has sought to overcome the challenges of COVID-19. Click through to see the video interview.
A mandatory code of conduct for commercial leases is expected to be finalised by next week, as federal and state governments continue to work towards a mutually-beneficial solution for landlords and tenants affected by COVID-19.
Australia faces an avalanche of insolvencies if small businesses simply defer rent, utilities and financing obligations and hibernate due to the impacts of COVID-19, with federal government stimulus packages announced to date not robust enough to save thousands of SMEs across the country.
One of Western Australia’s biggest residential property managers has called for more clarity around how tenants impacted by COVID-19 renegotiate rental agreements and how landlords can continue to service debt under the federal government’s moratorium on evictions.
WA's borders will officially close to the eastern states at midnight on Sunday. Confirmed COVID-19 cases have grown by eight in WA and 244 nationally. The federal government has announced a childcare service support program.
More Perth eateries are set to shut their doors in response to a weakened retail environment, particularly in shopping centres, while blinds retailer Kresta has announced it will close all of its showrooms across the country.
Health Minister Roger Cook said testing criteria for COVID-19 would expand as of tomorrow, 28 new cases in WA overnight; Premier Mark McGowan aired his grievances with the Artania cruise ship, and Andrew Forrest pledged $160 million towards procuring medical supplies and increasing testing in WA.
The operator of Metropolis Fremantle says the nightclub faces a difficult rebound from COVID-19 if and when it can begin operating again, with a stalled rent negotiation a demonstration of the uncertainty building over commercial property leases.
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Concerns have been raised that eligibility criteria for Prime Minister Scott Morrison’s $130 billion bailout plan for business is too restrictive and many businesses with spiralling revenue projections could miss out, and with Parliament in recess, first payments are unlikely to be available until May at the earliest.
Payroll tax will be waived for around 10,000 small businesses for the next four months in Western Australia, with power credits, a hold on licence fees and interest-free payment plans for state government duties part of a $1 billion economic and health system stimulus package announced today.