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parties will need to be careful how they structure these arrangements. Jesus Christ dont forget to listen fot God’s voice in everything poster There is a push by the Property Council of Australia for the state and territory governments to include,

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However, most distressed businesses will still need to work quickly to prepare a detailed survival and turnaround plan that will encompass some or all of Jesus Christ dont forget to listen fot God’s voice in everything poster the well-established techniques used by insolvency professionals. They will also need to monitor the implementation of the turnaround plan and ensure that it is updated and revisited as the COVID-19 crisis evolves. In these circumstances, it would make sense for businesses to prepare a plan which meets many of the requirements of the existing 2017 Safe Harbour provisions. The changes to existing laws are temporary, and at this stage, will apply for six months. To quote the Code itself,

‘the Code has been developed to enable both a consistent national approach and timely, efficient application’. There is, however, a push from the Property Council of Australia for the state and territory governments to recognise arrangements that have already been put in place. The need to revisit agreed arrangements may be avoided by structuring them so that the quantum of rent relief is calculated on a rolling basis that takes into account the tenant’s actual revenue at any given time. The Code requires the reductions in rent to be linked to a tenant’s fall in revenue and, given that revenue is likely to change over time, the likelihood is that any fixed arrangement would need to be revisited, if revenue falls further or improves. The Code specifies that a tenant should be provided with an opportunity to extend its lease for an equivalent period of the rent waiver and/or deferral period. Given the uncertainty regarding how long the rent waiver and/or deferral period will last,