South Australian Consolidated Acts South Australian Consolidated Acts53—When the reversion on a lease is gone, the next estate to be deemed
the reversion
When the reversion expectant on a lease of any land is surrendered or merges,
the estate which for the time being confers as against the tenant under that
lease the next vested right to the land shall, to the extent necessary for the
purpose of preserving those incidents to and obligations on the reversion,
which but for the surrender or merger thereof would have subsisted, be deemed
the reversion expectant on the lease.
"Part 4—Commercial tenancy agreements"
"Note—"
Part 4 has been repealed by section 81 of the Retail Shop Leases Act 1995
but continues to apply (with modifications prescribed by regulation) to retail
shop leases entered into before 30 June 1995: see Legislative history.