• Specific Year
    Any

RETAIL AND COMMERCIAL LEASES ACT 1995

Table of Provisions

PART 1--Preliminary

PART 2--Administration

PART 3--Before the lease is entered into

PART 4--Security

  • 19 Security bond
  • 20 Repayment of security
  • 20AA Return of bank guarantees

PART 4A--Term of lease and renewal

Division 1--Preliminary

Division 2--Initial term of lease

  • 20B Minimum 5 year term

Division 3--Renewal of shopping centre leases

Subdivision 1--Application of this Division
  • 20C Application of Division
  • Subdivision 2--Rules of conduct at end of term
  • 20D Preference to be accorded to existing lessee
  • 20E Implementation of preferential right
  • 20F Notice of absence of right of preference
  • 20G Consequences of failing to begin negotiations or give notice
  • Subdivision 3--Remedies for non-compliance with rules
  • 20H Failure to comply with rules

Division 4--Other cases

Division 5--General provisions

PART 5--Rent and outgoings

  • 21 Payment of rent when lessor's fitout not completed
  • 22 Restrictions on adjustment of base rent
  • 23 Reviews to current market rent
  • 24 Turnover rent
  • 26 Recovery of outgoings from lessee
  • 29 Sinking fund for major repairs and maintenance
  • 30 Land tax not to be recovered from lessee
  • 31 Estimates and explanations of outgoings to be provided by lessor
  • 32 Lessor to provide auditor's report on outgoings
  • 33 Adjustment of contributions to outgoings based on actual expenditure properly and reasonably incurred
  • 34 Non-specific outgoings contribution limited by ratio of lettable area
  • 35 Determination of current market rent under options to renew
  • 36 Opportunity for lessee to have current market rent determined early

PART 6--Alterations and other interference with the shop

  • 37 Lessee to be given notice of alterations and refurbishment
  • 38 Lessee to be compensated for disruption etc
  • 39 Demolition
  • 40 Damaged premises
  • 41 Employment restriction

PART 7--Assignment and termination

  • 43 Grounds on which consent to assignment can be withheld
  • 44 Premium on assignment prohibited
  • 45 Procedure for obtaining consent to assignment
  • 45A Liability of lessee following assignment of lease
  • 46 Lessor may reserve right to refuse sublease, mortgage

PART 8--Additional requirements for retail shopping centres

  • 50 Part applies only to retail shopping centres
  • 51 Confidentiality of turnover information
  • 52 Statistical information to be made available to lessee
  • 53 Advertising and promotion requirements
  • 54 Marketing plan for advertising and promotion
  • 55 Lessor to provide auditor's report on advertising and promotion expenditure
  • 56 Unexpended advertising and promotion contributions to be carried forward
  • 57 Relocation
  • 58 Termination for inadequate sales prohibited
  • 59 Geographical restrictions
  • 60 Associations representing lessees
  • 61 Trading hours
  • 62 Special provision for strata and community shopping centres
  • 62A Casual Mall Licensing Code

PART 9--Dispute resolution

Division 1--Mediation

Division 2--Intervention

  • 67 Power to intervene

Division 3--Jurisdiction of the Magistrates Court

PART 10--Retail Leases Fund

  • 70 The Fund
  • 71 Application of income
  • 72 Accounts and audit

PART 11--Retail Shop Leases Advisory Committee

  • 73 Advisory Committee
  • 74 Functions of Advisory Committee

PART 12--Miscellaneous

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