State government agencies will provide full rent relief for tenants of commercial, retail, industrial and other non-residential sites that have been forced to close or are significantly impacted as a result of COVID-19.
The rent relief will provide relief to impacted tenants from the date they were forced to close their business or were significantly impacted to 30 June 2020.
“Providing rent relief to tenants renting commercial, retail and industrial premises is another part of our strong plan to tackle the impacts of COVID-19 and keep South Australians in work,” said Minster for Transport, Infrastructure and Local Government Stephan Knoll.
“This is estimated to save businesses around $4.5 million and is part of our $1 billion economic stimulus package to support local businesses and keep as many people in a job as possible.
“For some businesses this means they could be saving tens of thousands of dollars which they can use to help pay the bills, employ staff and help keep their doors open.
“The Department of Environment and Water is already providing rent relief for its tourism and hospitality tenants and now we are ensuring that rent relief is available across all government agencies.
“A lot of these are small business, not-for-profit organisations or start-ups that have been hit hardest by the impacts of COVID-19.
“Many of these smaller businesses especially can’t afford to soak up the financial impact COVID-19 is having on their operations and that’s why we are providing this further financial relief.”
“Our $1 billion economic stimulus package is about keeping as many South Australians in work as we can during these unprecedented times.
“We have already had over 19,000 employers register for the $10,000 cash grants which is a major plank of our stimulus package.
“We are also fast-tracking construction projects, doubling local project funding and facilitating new projects to provide more work for local businesses and South Australians.”
The Government’s rent relief policy will be reviewed prior to 30 June 2020 to assess the ongoing impacts of COVID-19.