The NSW government will support tenants of commercial buildings and their landlords to negotiate mutually beneficial arrangements under the commercial leasing regulation laws.
NSW Treasurer Matt Kean said the challenges facing small business have been significant and the extension will help small business “keep the lights on so they can continue to provide jobs and support to our economy”.
Under the extension, from 14 March to 30 June 2022, landlords will be prevented from taking certain actions including evicting and locking out, unless they have attempted mediation with tenants that:
- Had a turnover of less than $5 million in 2020-21; and
- Received at any point in time the 2022 Small Business Support Grant, 2021 Micro-business Grant, 2021 Business Grant, or the 2021 JobSaver payment.
Minister for Small Business Eleni Petinos said extending mediation provisions until 30 June 2022 would provide practical benefit to both tenants and landlords.
“Small businesses have experienced enormous challenges over the past two years,” Ms Petinos said.
“Extending mediation protections under the commercial leasing regulation is a sensible move that will help keep businesses open for trade.”
