COVID-19 Disease Emergency (Commercial Leases) Act 2020
31Financial hardship cessation day
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31 Financial hardship cessation day
(1) The Treasurer, by notice, may declare a day to be the financial hardship cessation day.
(2) The Treasurer may only declare under subsection (1) a day to be the financial hardship cessation day if he or she is reasonably of the opinion that the effects caused by, or relating to, the disease-related factors, and the deleterious economic effect of those factors, have sufficiently reduced, so that it is reasonable to cease to provide to lessees the protection intended to be provided to lessees by the provisions of this Act.
(3) If the Treasurer has not declared under subsection (1) a day to be the financial hardship cessation day before the end of the 12-month period after the commencement day, the Treasurer is to be taken to have declared to be the financial hardship cessation day under that subsection the day 12 months after the commencement day.