LEASES (COMMERCIAL AND RETAIL) ACT 2001 - SECT 133 Amount not spent to be kept for benefit of tenants
LEASES (COMMERCIAL AND RETAIL) ACT 2001 - SECT 133
Amount not spent to be kept for benefit of tenantsAn amount paid by the tenant for an advertising and promotion levy that is not spent within the lessor's accounting period must be kept by the lessor in a fund for the benefit of tenants to be used for future expenditure on advertising or promotion of the shopping centre.