Strategies and advice for businesses to stay in control through COVID-19 and get ahead of the pack

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COVID-19 Business Continuity – 19th June

I’m here with the COVID-19 business continuity update on Friday, 19th June.

In today’s briefing:
1. Land tax relief for landlords who lease commercial property to themselves
2. UPDATE: Fair Work change to sick leave for stood down employees

1. Land tax relief for landlords who lease commercial property to themselves

Many business owners are commercial property landlords. Several of you own property in one entity, such as your self-managed super fund or your asset holding company, and lease the building to your trading company.

This raises the question of whether you as the landlord are entitled to claim the Victorian land tax relief under the COVID-19 rent relief provisions.

I put this question to the State Revenue Office and their guidance indicated that they would expect land tax relief would be due to the landlord.

This advice was on the basis that the other criteria for COVID-19 rent relief had been met, including a leasing agreement being in place before the commercial rent relief measures were announced.

I would still recommend landlords to whom this situation applies to contact the SRO directly if you have any questions about your eligibility for land tax relief.

While it isn’t a huge benefit, it is still a reasonable saving, especially for some of you who are still being impacted by the shut downs.

For more information on the land tax relief provisions, visit the website of the Victorian State Revenue Office here.

2. UPDATE: Fair Work change to sick leave for stood down employees

On 3rd June Fair Work Australia advised an update to sick leave for workers who have been stood down.

The updated advice is that an employee who has been stood down is not entitled to paid sick and carer’s leave or compassionate leave on the days when they have been stood down. So an employee can’t take advantage of the situation and call in sick for the days that they have been stood down.

The update to FWA follows a ruling from the Federal Court in a case brought by Qantas.

This is the update published on the Fair Work website on 3rd June:
FWA JobKeeper sick leave update 18 May 2020

See the FWA website: Pay and leave – JobKeeper

This is an amendment to the information we had sourced from Fair Work that was included in my email on 18th May. (Coincidently, we spoke with Fair Work in the morning of 18th May and later that same day the Federal Court passed down their ruling.)

Have a great weekend.

Ash

Ashley Thomson B.Eng(Hons), Grad. Dip. Mgmt, MEI
Managing Director
Tenfold Business Coaching

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