ATO Clarifies COVID-19 Rent Relief Concerns
The Australian Taxation Office has responded to widespread rent relief concerns on whether SMSF landlords providing rent relief to tenants due to the financial impacts of the novel coronavirus is a contravention of the SIS Act. The COVID-19 rent relief fund was established in May 2020 to assist tenants suffering from extreme hardship, with support of up to $2,000 or four weeks rent available.