Liberal candidate for Strathfield, Bridget Sakr, welcomed two months of additional rent relief being offered to Strathfield small businesses by the Perrottet Government.
Ms Sakr said the Government’s extension of its rent relief regulation until March 13 will help local small businesses deal with challenges created by the COVID-19 pandemic.
“As a businesswoman, who built my own business from the ground up, I know how hard our local small businesses have had it because of the pandemic. A lot of businesses have had to adjust the way that they operate, but rent remains one of the biggest fixed costs and a considerable challenge in the current environment.”
“I have been really pleased with the way that commercial owners and tenants, and the whole business community across Strathfield, Burwood, Croydon and Homebush have worked together to overcome these challenges.”
Treasurer Matt Kean said it was a difficult time for many businesses and this extension will provide much-needed support for small commercial and retail tenants to keep their doors open over the coming weeks and months.
“Small business is the engine room of our economy and we need to make sure we support impacted businesses through this latest Omicron wave,” Mr Kean said.
“With staff shortages and reduced foot traffic, many businesses are struggling at the moment but the ability to negotiate rent will give them a buffer so they can keep the lights on now and recover more quickly.”
Minister for Small Business Eleni Petinos said eligibility for rent relief would remain unchanged.
“We know that rent is one of the biggest fixed costs for small businesses and this measure will provide crucial support helping them get through the next couple of months,” Ms Petinos said.
Commercial and retail tenants will be eligible for the rent relief if they have an annual turnover of less than $5 million and continue to meet the eligibility criteria for JobSaver or the Micro-business Grant, had those programs continued.
Landlords of tenants that have received protections for any period under the Retail and Other Commercial Leases (COVID-19) Regulation 2022 are prohibited from evicting their tenants for certain breaches of the lease, without first attending mediation.
NSW landowners will also have more time now to apply for land tax relief, with applications extended until 28 February for eligible commercial and residential landowners.
Eligible landlords can access the Commercial Landlord Hardship Fund, which provides small commercial or retail landlords with a monthly grant up to the value of any rental relief provided, to a maximum of $3,000 per month per property.