Victorian Numbered Regulations

COVID-19 OMNIBUS (EMERGENCY MEASURES) (COMMERCIAL LEASES AND LICENCES) REGULATIONS 2020 (SR NO 31 OF 2020) - REG 7

    (1)     For the purposes of section 13(3)(a) of the Act—

        (a)     a prescribed group is a tenant that is connected, within the meaning of section 328– 125 of the Income Tax Assessment Act 1997 of the Commonwealth, with another entity or other entities; and

        (b)     $50 million is the prescribed amount.

    (2)     For the purposes of section 13(3)(b) of the Act—

        (a)     there is a prescribed relationship or connection between a tenant and another entity or other entities if the entity is an affiliate, or the entities are affiliates, within the meaning of section 328–130 of the Income Tax Assessment Act 1997 of the Commonwealth of the tenant; and

        (b)     $50 million is the prescribed amount.