COVID-19, Money, Wellbeing
Published on April 15, 2020 10:19 pm, by Pete Lalor
Rent Relief in Queensland
|6 month moratorium on evictions for tenants suffering financial hardship due to COVID-19|
|Landlords and tenants are encouraged to negotiate rent relief in good faith where a tenant cannot pay their rent||Where are new agreement is reached the tenant will not be liable for the previous amount|
|Hardship assistance for renters of up to $500 for 4 weeks||Tenants must have be homeless or at imminent risk of becoming homeless, have exhausted all other options, have lost thier job and have less than $10,000 in cash savings|
|Land tax rebates are being offered to landlords as an incentive to support tenants suffering financial hardship due to COVID-19||Where a landlord provides tenants with a rent reduction equal to or more than 25% of their land tax the land tax will be rebated, Where are rebate is provided the land tax payment can also be deferred by 3 months|
More information on rent relief arrangements in Queensland is available from the Queensland Government
If you are concerned about the financial impact of COVID-19 or you are facing the uncertainty of losing your job or having your income significantly reduced we can help. Sign up to MoneyBrilliant and we will give you access to a host of tools and features to help you organise your finances and make better decisions about your money. We’ll also give you tailored insights about the financial assistance available from governments and businesses to help you face the economic and financial challenges caused by the COVID-19 pandemic.
This summary has been prepared by MoneyBrilliant Pty Ltd (AFSL 492711, ACL 493068). The information in this summary is of a factual nature only. We are not suggesting or recommending that you take any particular course of action in relation to any financial product or service. It does not take into account your personal circumstances or objectives. If you need financial advice or taxation advice you should seek advice from a licensed financial adviser or tax agent. You may also be able to access additional information from the websites of the Australian Securities and Investment Commission (ASIC) and the relevant product providers.
Peter is the CEO of MoneyBrilliant. He has over 20 years experience in banking, insurance and accounting. Peter has three sons, ranging in age from 16 to 3, is a sport and fitness fanatic and a volunteer firefighter. He is passionate about improving people's lives through making financial services more accessible.