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As a lawyer primarily focused on Property and Financial matters, clients often ask me: what's better - a bank guarantee or a security bond?
As with many questions posed by clients, the answer is entirely dependent on who is asking - and in turn, their individual circumstances.
Let's take a look at the differences.
On 24 April 2020, the NSW Government enacted the Retail and Other Commercial Leases (COVID-19) Regulation 2020 to implement the Lease Code of Conduct.
The Regulation applied for a period of six-months, ending on 24 October 2020 - on which date the NSW Government extended the protections for eligible tenants to 31 December 2020.