Pub­li­ca­tions

Mar 31, 2020

COVID-19 | Advo­ca­cy Alert | Loan relief mea­sures for com­mer­cial land­lords | 30 March 2020

Fur­ther to our updates on 26 March 2020 and ear­li­er today, the Prime Min­is­ter announced last night that the Nation­al Cab­i­net agreed to a mora­to­ri­um on evic­tions over the next six months for com­mer­cial and res­i­den­tial ten­an­cies in finan­cial dis­tress who are unable to meet their com­mit­ments due to the impact…

Mar 30, 2020

COVID-19 | The lat­est on com­mer­cial ten­an­cies | 30 March 2020

Fur­ther to our update on 26 March 2020 regard­ing the COVID-19 Leg­is­la­tion Amend­ment (Emer­gency Mea­sures) Bill 2020 (Bill), on Sun­day 29 March 2020, the Prime Min­is­ter announced that the Nation­al Cab­i­net agrees that short term inter­ven­tion is need­ed for com­mer­cial tenancies. At this stage, there is noth­ing more than a set of…

Mar 26, 2020

COVID-19 Leg­is­la­tion Amend­ment (Emer­gency Mea­sures) Act 2020 (NSW) – RETAIL LEAS­ES ACT 1994 (NSW)

The COVID-19 Leg­is­la­tion Amend­ment (Emer­gency Mea­sures) Bill 2020 (NSW) was passed by both Hous­es of the New South Wales Par­lia­ment on 24 March 2020, which received assent yes­ter­day (Emer­gency Mea­sures Act). Amongst oth­er things, the Emer­gency Mea­sures Act intro­duces a new Part 11 (Response to COVID-19 pan­dem­ic) into the Retail Lease…

Mar 26, 2020

Insol­ven­cy Update | Statu­to­ry Demands, Bank­rupt­cy and Insol­vent Trad­ing | 26 March 2020

With COVID-19, the Coro­n­avirus Eco­nom­ic Response Pack­age Omnibus Bill 2020 (the Bill) has some sweep­ing changes to statu­to­ry demands, bank­rupt­cy and insol­vent trad­ing including: Statu­to­ry Demands: the min­i­mum debt for a statu­to­ry demand will be $20,000 (instead of $2,000)the time for com­pli­ance by a debtor com­pa­ny is now 6 months (instead of 21 days)This will apply…

Mar 23, 2020

Tips for Own­ers Cor­po­ra­tions, Stra­ta Com­mit­tees and Stra­ta Man­agers — COVID-19

In these unprece­dent­ed times, there is a lot of uncer­tain­ty for busi­ness­es and indi­vid­u­als. This uncer­tain­ty extends to the ongo­ing and sat­is­fac­to­ry func­tion­ing of an own­ers corporation.  Stra­ta Man­agers and Stra­ta Com­mit­tees should be aware of their ongo­ing oblig­a­tions to ensure that an own­ers cor­po­ra­tion con­tin­ues to func­tion sat­is­fac­to­ri­ly dur­ing the…

Mar 19, 2020

Con­tracts in the time of the Coro­n­avirus (COVID-19)

There has been unprece­dent­ed dis­rup­tions to busi­ness­es and the econ­o­my with the cur­rent coro­n­avirus (COVID-19) pan­dem­ic. With the restric­tions being placed on the move­ment of peo­ple and gath­er­ings, COVID could have very real impli­ca­tions for a range of indus­tries like con­struc­tion, which require a large work­force to be mobilised to work on…