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NSW Budget announcement extends COVID-19 rent relief and tenancy protection

11/25/2020

NSW Budget announcement extends COVID-19 rent relief and tenancy protection

On 17 November 2020 the NSW government announced a further and temporary extension to 28 March 2021 of the National Cabinet Mandatory Code of Conduct – SME Commercial Leasing Principles for retail tenants only with an annual turnover of less than $5 million. The announcement, part of the 2021 NSW Budget package, extends relief under the National Cabinet Mandatory Code and also continues certain protections preventing landlords from terminating leases.