New South Wales Consolidated Acts

RETAIL LEASES ACT 1994 - SECT 73

73 Monetary limit on Tribunal's jurisdiction

(1) The Tribunal has no jurisdiction to make an order or orders in respect of a particular retail tenancy claim or an unconscionable conduct claim if the total of--

(a) the amount or amounts (if any) of money to be paid, and

(b) the amount or amounts (if any) of money to be declared not to be due or owing, and

(c) the value or values (if any) of the work to be done or the services to be performed,

under or by virtue of the order or orders would exceed $750,000 or such other amount as may be prescribed by the regulations, whether on a balance of account or after set-off or otherwise.

(2) The amount for the time being applicable under subsection (1) may be increased by regulation not more frequently than once each 3 years (disregarding any disallowed regulation or provision of a regulation).

(3) The amount resulting from an increase by regulation must not exceed the base amount, adjusted in line with movements in the Consumer Price Index (All Groups Index) for Sydney and rounded up to the nearest $10,000. The base amount is the dollar amount for the time being specified in subsection (1), unaffected by any regulation under that subsection.