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Retail rental deal a test for PM

It took 48 hours to sort out a $130 billion program to support the pay of workers yet negotiations between shopping centres and retail tenants drag on.

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Prime Minister Scott Morrison is facing a test of his power to influence business judging from the drawn-out negotiations over how shopping centres and small retailers will share the financial pain caused by the coronavirus.

A deal was meant to be struck by Sunday night but Chanticleer understands last-minute negotiations were continuing on Monday ahead of an announcement by Morrison on Tuesday.

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Tony Boyd is the former Chanticleer columnist. He has more than 35 years' experience as a finance journalist. Connect with Tony on Twitter. Email Tony at tony.boyd@afr.com

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    Original URL: https://www.afr.com/chanticleer/retail-rental-deal-a-test-for-pm-20200406-p54hkq