Updates on COVID-19
PFA Webinar:
"Dealing with Valuation Uncertainty" - PFA Webinar sponsored by ShineWing
There are many implications for property owners and valuers regarding how the Commonwealth Code of Conduct on Leasing Principles could impact property valuations. A panel of industry experts discussed the asset revaluation process during these times of significant uncertainty, including the Code and its implications, from the perspective of both owner and valuer to provide a framework for industry participants.
A number of resources are available from the Webinar
- A link to the Webinar
- The Webinar presentation
- A Summary of the Webinar Poll Results and Q&A
- The PFA Member Position Paper on Dealing with Valuation Uncertainty prepared by Preston Rowe Paterson
PFA Initiatives:
The PFA has sponsored a positon paper on valuations.
PFA Member Company Responses:
PFA Member companies have also made their own response to Government initiatives and have looked at the issues which impact the unlisted property funds industry. Their insights can be found as follows.
Accountancy
Legal
Government Responses:
The Federal Government has made various announcements and initiatives regarding COVID-19. Please find below links to this information which may be of use:
- Prime Minister of Australia - Update on Coronavirus Measures - Media Statements
- Australian Government Department of Health – COVID-19 Health Alert
- Australian Government Treasury – Economic Response to the Coronavirus
- Australian Government Treasury – Support for Business
- Australian Government Treasury – Supporting the Flow of Credit
- Australian Government Treasury - Coronavirus SME Guarantee Scheme
- Australian Government Australian Tax Office – COVID-19
Specific Government Releases
Government Resources regarding Commercial Leasing:
Summary: Relief for Commercial Tenants
Specific:
- WA Legislation Enacted 23 April 2020
- NSW Regulations Amended 24 April 2020
- VIC Legislation Enacted 24 April 2020
- QLD Legislation Introduced to QLD parliament 22 April 2020 (not enacted at time of publication of this paper)
- TAS Legislation Enacted 9 April 2020 – Notice under Act
- SA Legislation Enacted 9 April 2020
