Northern Territory Consolidated Acts Northern Territory Consolidated ActsA retail shop lease is taken to include provisions to the following effect:
(a) the landlord must give the tenant a written statement (an advertising statement ) that details all expenditure by the landlord in each accounting period of the landlord during the term of the lease on account of advertising or promotion costs to which the tenant is required to contribute under the lease;
(b) the advertising statement is to be prepared in accordance with relevant principles and disclosure requirements (in force from time to time) made by the Australian Accounting Standards Board;
(c) the advertising statement is to be given to the tenant within 3 months after the end of the accounting period to which it relates;
(d) the advertising statement is to be accompanied by a report (an auditor's report ) on the statement prepared by a person who holds a public practice certificate issued by an accountants body;
(e) the auditor's report is to include a statement by the auditor as to whether or not the advertising statement correctly states the expenditure by the landlord during the accounting period concerned in respect of advertising or promotion costs to which the tenant is required to contribute.