Support for Victorian renters, landlords and commercial tenants
16th April 2020
The Victorian Government has announced a $500 million package designed to assist Victorian renters, landlords and commercial tenants that have been impacted by COVID-19.
For landlords: $420 million in land tax relief for landlords who provide tenants with rent discounts. Landlords will receive a 25% discount on land tax if they provide tenants with rent relief. Any remaining land tax to be deferred until March 2021.
For tenants: $80 million in rental assistance for Victorians experiencing rental distress, payments will be capped at $2000. Evictions and rental increases will be banned for residential tenancies for six months. For more information visit: www.housing.vic.gov.au/help-renting/rentrelief
For commercial tenants: Eligible small and medium-sized businesses can apply for rental waivers or deferrals. Evictions will also be banned for six months for the non-payment of rent for commercial tenancies for small and medium-sized businesses.
For more information and resources please visit: www.consumer.vic.gov.au/resources-and-tools/advice-in-a-disaster/coronavirus-covid19-and-your-rights
The above information is a brief summary only and does not take into account your personal needs and is not a substitute for independent professional advice. We strongly recommend that you speak to your accountant as they will be able to provide you the most suitable advice for your individual circumstance and to ensure that you are also always receiving the most up to date information.