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The state and federal treasurers are working on a package to assist commercial tenants that have been hard hit by the coronavirus.
The package will be put to a meeting of the national cabinet on 3 April, and it is expected to feature a partial waiver and partial deferral of commercial rents. Land tax relief is also believed to be on the agenda, while state governments intend to introduce a six-month moratorium on the eviction of commercial and residential tenants:
Sources close to negotiations say the package to be put to the National Cabinet on Friday will allow for the part-deferral and part-waiver of commercial rents.
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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness.
Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.
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