The Victorian Government recently announced the Commercial Tenancy Relief Scheme (CTRS) will be extended for another two months ending on 15 March 2022, after the CTRS was originally due to end on 15 January 2022.
This extension has been made to help support small business owners under financial pressure as Victoria continues to respond to the COVID-19 Omicron variant.
While full details of the new regulations for the extended scheme are yet to be released, however the Victorian Government has confirmed the following details will now apply, including:
Regulations for the Scheme will be made shortly and the
VSBC’s website and FAQs will be updated.
Please do not hesitate to contact your Lowe Lippmann Relationship Partner if you wish to discuss any of these matters further.
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