Victorian Government Commercial Tenancy Relief Extension welcomed by Accommodation Association

PEAK industry body, the Accommodation Association, today welcomed the Victorian Government Commercial Tenancy Relief Scheme (CTRS) extension and new regulations and is encouraging all States and Territories to provide similar support.
 
Accommodation providers in Victoria are facing numerous challenges due to COVID-19. The latest outbreak has provided an additional challenge to the industry’s fledgeling recovery so this announcement provides much needed relief for hoteliers in the face of already weak consumer confidence.
 
Originally announced by Small Business Minister Jaala Pulford in July 2021, the Commercial Tenancy Relief Bill 2021 provided support to small and medium businesses. The extended scheme which will now run until March 15, 2022 will be available to businesses with turnover of less than $10 million and who have also suffered a decline of at least 30 percent in turnover.
 
This effectively gives small and medium businesses an additional two months of rent relief and protection.
 
The Victorian Small Business Commission (VSBC) will continue to provide mediation support to tenants and landlords if parties cannot reach a satisfactory agreement. 
 
Accommodation Association national general manager for advocacy, Bassel Tallal said, “This decision effectively grants our many accommodation providers the comfort and confidence to keep the lights on and the doors open whilst withstanding the challenges of the latest Omicron outbreak. With the unenviable combination of reduced consumer confidence, diminished foot traffic and staffing shortages, this extension is warmly welcomed.
 
“Small and medium accommodation providers can once again breathe easy with this extension and our members can now continue to focus on rebuilding their business and supporting their staff.
 
“The Accommodation Association believes the new regulations of this scheme represents the right balance as outlined by Minister Pulford.
 
“We sincerely thank the Victorian Government and Minister Pulford for extending the scheme, proactively consulting with industry and providing small and medium businesses with further relief and protection until mid-March.” 

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