National Cabinet Mandatory Code of Conduct – SME Commercial Leasing Principles During COVID-19 (Code of Conduct)
The National Cabinet announced a new mandatory Code of Conduct to apply to retail, office and industrial commercial leases during the COVID-19 pandemic (commencing from 3 April 2020). The purpose of this Code of Conduct is to impose a set of good faith leasing principles between current landlords and eligible tenants.
A raft of changes to the Residential Tenancies Act 2010 (NSW) (Act) and Residential Tenancies Regulation 2019 (NSW) (Regulation) will commence on 23 March 2020 (commencing date). New South Wales Landlords and agents should make themselves familiar with the changes – the main ones are summarised below.
It was like a game of Monopoly, with the bankrupt ‘passing Go’ several times and collecting money along the way. But luck eventually ran out for a four-time bankrupt who had obtained over $1.7 million in loans from an unsuspecting victim without disclosing to her that, at the time each loan was made, he was an undischarged bankrupt, contrary to section 269(1)(a) of the Bankruptcy Act 1966 (Cth).