To address the adverse effects of COVID-19 on the Built Environment sector, the COVID-19 (Temporary Measures) Act (“Act“) has provided certain legislative relief. Although the sector has made steps towards recovery, it has been noted that some firms are still facing challenges. The Government has thus announced the further extension of certain prescribed periods for legislative relief relating to the Built Environment sector.
While the prescribed periods were due to end on 31 December 2021, the relief periods under Part 2 and Part 8B of the Act have been extended to 28 February 2022, and the relief period under Part 10A of the Act has been extended to 31 March 2022. In this Update, we summarise the scope of the extensions and the relief under the respective Parts of the Act.
For more information, click here to read the full Legal Update.
