New wave of business failures feared as end looms for tenancy support scheme

  • 📰 theage
  • ⏱ Reading Time:
  • 46 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 22%
  • Publisher: 77%

Business News News

Business Business Latest News,Business Business Headlines

ANALYSIS | If anyone was unsure whether Joe Biden would adopt a hard line on China, his first phone call with Xi Jinping should leave no one in doubt. writes Gallo_Ways

said the program had kept thousands of rental disputes out of the courts and tribunals and was still receiving a steady flow of inquiries.

The council’s chief executive, Peter Strong, said he is worried that landlords will take aggressive action against businesses once the state government’s protections have expired, in a bid to recover rental arrears that have built up over the past 11 months.Mr Strong said there was no data on how much was owed or how many businesses were in trouble, but anecdotal evidence from his group’s members suggested there were grounds for serious concern.

Mr Strong says he has been talking to both the state and federal governments about continued relief for business tenants past the March cut-off date for the relief scheme, and was pushing, with the backing of Small Business and Family Enterprise Ombudsman Kate Carnell, for a government-funded HECS-style loan scheme for businesses.

“Commercial property owners have supported and continue to support tenants to navigate the worst of the crisis.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Gallo_Ways Wrong link!

Gallo_Ways What is his stance against the White right more harmful to America than the indigenous Chinese in their Traditional Land of China of over 60,000 years? The White right have been responsible for countless crimes against humanity including ethnic cleansing & coups like the NAZIS!

Gallo_Ways Hi Xi, yes Trump is gone sir, we are back in business and America is open for sale again. Don't worry about anything, we have your back in the covid cover up and both our 'experts' at the WHO are already selling the story that China isn't to blame.

Gallo_Ways None so blind as those who choose not to see.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 8. in BUSİNESS

Business Business Latest News, Business Business Headlines