WebJan 16, 2024 · My first comments on the new CTRS Regs are: The new regulations cover the period 16 January 2024 to 15 March 2024. The extension applies only to tenants or corporate groups with a turnover of less than $10M, down from $50M in the previous versions of the CTRS. The definition of ‘ turnover ’ continues to include Victorian … WebVictoria, the circumstances that gave rise to the need for the emergency measures in the Omnibus Act continue. As the pandemic has progressed, we have seen more people facing housing and financial stress, with renters particularly hard hit to due to a convergence of factors including their age and employment conditions. ...
Commercial Tenancy Relief Scheme Regulations 2024
WebAug 27, 2024 · The Regulations also set out the new requirements for a rent relief request, details of the minimum relief to be provided and how such relief is to be calculated. … WebThe CTRS is being implemented in Victoria through the Commercial Tenancy Relief Scheme Act 2024 ( Act) and the Commercial Tenancy Relief Scheme Regulations 2024 ( Regulations ). The Regulations were published on 24 August 2024, and are in effect from 28 July 2024 until 15 January 2024 ( protection period ). thayers spray
Paul Duggan commercial barrister & mediator
WebSep 30, 2024 · There are a few headline points about the Amending Regulations: First, as expected, the Amending Regulations extend the CTRS to 31 December 2024. However, any new applications for rent relief apply only to the period between the new request for rent relief and 31 December 2024. WebJun 12, 2024 · The Victorian Government has published a guidance note that addresses some of the key areas of debate arising out of the COVID-19 Omnibus (Emergency Measures) (Commercial Leases and Licences) Regulations 2024 (Regulations) and the Act and Code that preceded it. A copy of Victoria’s commercial tenancies relief scheme: … WebFeb 2, 2024 · The Victorian Government has extended the Commercial Tenancy Relief Scheme (CTRS) until 15 March 2024 in an effort to further mitigate the effect of COVID-19 measures on Victorian small businesses. thayers skin toner