The code is very SME tenant friendly. Expenses and profit don’t get a look in. Its all about revenue loss. I haven't seen anyone claiming more than 50%, but plenty of centres are down 70% on revenue based on year on year comparison. The Government is paying centres 50% of the fee revenue received during the specific fortnight prior to 2 March. So if that was a bad fortnight for a centre (which generally was the case as the outbreak was causing withdrawals by that stage), then the Government fee will be 50% of a lower than normal quantum of fees. For example, that subsidy could equate to 65% of the fee revenue that same centre took in the year prior at the same time. G8 is giving rent reduction a run even though the code doesn’t apply to them bc they have annual turnover of over $50m. Not sure how they are fairing but I think landlords will be arguing that.
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3 | 5499 | 2.720 |
3 | 15328 | 2.710 |
4 | 12530 | 2.700 |
2 | 2246 | 2.690 |
1 | 985 | 2.680 |
Price($) | Vol. | No. |
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2.750 | 4296 | 1 |
2.760 | 12296 | 3 |
2.770 | 1410 | 1 |
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