LANDLORDS, BANKS, COUNCILS TO TAKE A HIT
In terms of residential and commercial rentals, Mr Morrison said everyone involved will have to take a hit, as well as banks and landlords.
“There will be landlords who will suffer. The banks will be having to make arrangements with them. Whether councils are involved in providing waivers on rates, things of that nature that, will be something states work through,” he said.
“Whether land tax will be relieved for those who have tenants in a distressed situation — all of these are what we are working through. It isn’t simple.
“The intent is as far as possible to ensure that a business that through no fault of its own, just like if there’s any Australian who has lost a job through no fault of their own, we are simply trying to preserve and support them in the best way we possibly can for the simple reason that, A, they are Australian, and that is what we should do, and, benefit.
“B, on the other side we want them to surge. We want Australia to rise again on the other side of this and to go forward strongly.
“We have to keep doing it. We have to keep sticking together. We have to keep supporting each other. We’ve got to keep sharing the right information with each other. And we have to stick together and support each other through what I know is becoming day by day a much tougher job for all of us. We can do it.
“The next few weeks will be particularly vital and so we’re getting this together at a time when it is most necessary and your response this week has been simply awesome.”
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