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Plan to freeze overheads amid retail rent strike

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The Morrison government is considering ways to free businesses of overheads such as rents, mortgage repayments and some employment obligations while shut down, as some of Australia's richest landlords and retailers face off over a shopping centre rent strike.

Amid plans for a third tranche of economic support, policies are being devised to effectively put businesses into hibernation so that they accrue no overheads while in shut down.

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Phillip Coorey is the political editor based in Canberra. He is a two-time winner of the Paul Lyneham award for press gallery excellence. Connect with Phillip on Facebook and Twitter. Email Phillip at pcoorey@afr.com
Sue Mitchell writes the fortnightly Window Shopping column for the Financial Review and has covered retailing for over 30 years. Connect with Sue on Twitter. Email Sue at smitchell2045@gmail.com
Nick Lenaghan edits the property section, which covers all aspects, from residential real estate and housing and construction to commercial property – office, retail, industrial – and major ASX-listed developers and real estate investment trusts. Connect with Nick on Twitter. Email Nick at nlenaghan@afr.com

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    Original URL: https://www.afr.com/companies/retail/retailer-rent-revolt-hits-mall-landlords-20200326-p54e6e