This statement is CHIA’s initial response to the COVID-19 outbreak. It sets out what CHOs are already doing to support our tenants, communities, and staff, and describes how we want to partner with Government to continue to provide these vital services. Download the executive summary (PDF) Download the full statement (PDF)
Covid-19 update: 28th April 2020 The Senate Select Committee on Covid-19 will sit today (10am): focus will be on the economic response, including JobKeeper and super withdrawal. Witnesses will include Treasury Secretary Steven Kennedy The government will release a new set of economic forecasts in June, following National Accounts. There will also be a statement
Covid-19 update: 24th April 2020 QLD legislation passed Wednesday with adjustments that appear to be in response to the REIQ concerns WA package announced yesterday – Support for tenants facing financial difficulty due to COVID-19 – $30 million for grants of up to $2,000 for residential tenants who have lost their job and face financial
Covid-19 update: 23rd April 2020 PM Morrison is lobbying other leaders (Merkel, Macron, Trump) to reform the WHO to enable a more pro-active approach (like UN weapons inspectors). The UK and France have said the priority now is dealing with the crisis rather than investigation. (ABC) Considerable speculation regarding possible tax reform: Chair of NCCC
Covid-19 update: 21st April 2020 Virgin Australia set to call in administrators, after formal pleas for government assistance were knocked back yesterday. Two serious bidders believed to be in play: Australian private equity firm BGH and a consortium with Etihad. (Australian) RBA Governor Lowe is expected in a speech today (3pm) to appeal for further policy
Covid-19 Update 16th April 2020 VIC announced its housing eviction etc package yesterday. Rent increases and evictions will be illegal for six months and tenants will be able to access assistance payments of up to $2000 from a $80M fund – Applications from those who earn less than $100,000 and have less than $5000 in
EY have organised a webinar with a specialist panel to discuss the practical steps community housing providers can take to navigate challenges around business viability, workforce and government stimulus. For further details please click here
$50 million of relief to any business that pays license fees to the NSW Government – 200,000 businesses will no longer pay these taxes (License fees will be predominately paid by tradies – Construction industry is so important to the recovery of the state) IMF predicts Australian economy to shrink 6.7 per cent this
COVID-19 Housing Update (NSW): 14th April 2020 The main development has been the NSW Government announcement today on land tax relief for residential landlords (https://www.smh.com.au/politics/nsw/nsw-unveils-440m-rental-rescue-package-20200412-p54j65.htm). Parliament will be recalled to pass. The available detail is gleaned from the news article and the press conference. It is in place for six-months for tenants facing financial stress
COVID-19: A Business Guide to Who’s Who in Government Response COVID-19 Update: 6th April 2020 Australian Bankers Association says banks will offer advances and loans to business to cover wages to bridge gap until JobKeeper comes in. Parliament meets on Wednesday: Media speculation that Govt looking to expand JobKeeper to more casuals, but Attorney General