(1) A site agreement must not include any of the following terms—
(a) a term that requires the site tenant to take out any form of insurance;
(b) a term that exempts the site owner from liability for an act of—
(i) the site owner or that person's agent; or
(ii) a person acting on behalf of the site owner or that person's agent;
(c) a term that provides that if the site tenant contravenes the site agreement, the site tenant is liable to pay—
(i) all or part of the remaining rent under the site agreement; or
(ii) increased rent; or
(iii) a penalty; or
(iv) liquidated damages;
(d) a term that provides that if the site tenant does not contravene the site agreement—
(i) the rent is reduced; or
(ii) the rent may be reduced; or
(iii) the site tenant is to be paid a rebate or other benefit; or
(iv) the site tenant may be paid a rebate or other benefit;
(e) any other prescribed prohibited term.
(2) A term in a site agreement must not include a term that requires a party to the agreement to bear any fees, costs or charges incurred by the other party in connection with the preparation of the agreement.
Note
Section 206F provides that terms which must not be included in a site agreement are invalid.
S. 206FB inserted by No. 45/2018 s. 181 (as amended by No. 1/2021 s. 93).