The Victorian Government has extended the Commercial Tenancy Relief Scheme (the Scheme) until 15 March 2022.
The extension comes as Victoria continues to respond to the COVID-19 Omicron variant and small businesses struggle.
The Scheme's operation will be retrospective starting 16 January 2022, to ensure tenants who were accessing rent relief, and are still eligible under the extended Scheme, don’t experience a gap in support.
Help will be available to businesses with an annual turnover of $10 million or less that have had a drop in turnover of at least 30 percent or more because of COVID-19.
For more information:
Business Victoria: Commercial Tenancy Relief Scheme
VSBC: Commercial Tenancy Relief Scheme 2021 (FAQs)
Minister for Small Business: Commercial Tenancy Support Extended statement
VSBC
P: 13 8722
E: enquiries@vsbc.vic.gov.au