Submissions on the proposed Retail Leases Regulations 2013 and the Regulatory Impact Statement are invited

February 26, 2013

Property / leasing

The Department of Business and Innovation has invited submissions on proposed Retail Leases Regulations and a Regulatory Impact Statement.

The Department’s website states that:

The objectives of these regulations are to:

    • make provision with respect to the amount of the occupancy costs for the purpose of excluding certain retail premises from the Retail Leases Act 2003
    • make provision with respect to the amount of outgoings payable by a tenant
    • prescribe forms of disclosure statement
    • prescribe other matters required by the Act to be prescribed

The Regulatory Impact Statement:

    • explains the likely impact of the proposed regulations
    • assesses the benefits and costs of the proposed regulations and the feasible alternatives for achieving the same objectives
    • considers genuine options for reform and re-establishes the case for government intervention in the market for retail leases

One of the interesting issues being considered by the Department is whether there will be a different disclosure statement for assignors of a retail lease (for further discussion on this topic, see an earlier post here).

Readers interested in making submissions can find further details at the Department’s website here.

About Sam Hopper

Sam is a property and insolvency barrister.

View all posts by Sam Hopper

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