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RETAIL LEASES (AMENDMENT) ACT 2005 (NO 82 OF 2005)


TABLE OF PROVISIONS

   PART 1--PRELIMINARY

   1.      Purposes  
   2.      Commencement  
   3.      Principal Act  

   PART 2--AMENDMENT OF RETAIL LEASES ACT 2003

   4.      Definitions  
   5.      Meaning of "retail premises"  
   6.      Minister may make determinations  
   7.      New section 7 substituted  
   8.      Meaning of "renewal" of a lease  
   9.      Application if lease term of less than a year  
   10.     Copy of lease to be provided at negotiation stage  
   11.     Landlord's disclosure statement  
   12.     Minimum 5 year term  
   13.     Tenant to be given copy of lease  
   14.     Key-money and goodwill payments prohibited  
   15.     Security deposits  
   16.     Small Business Commissioner to be notified of lease  
   17.     Landlord's disclosure on renewal of lease  
   18.     Obligation to notify tenant of option to renew  
   19.     Rent reviews generally  
   20.     Rent reviews based on current market rent  
   21.     Confidentiality of information supplied to valuer  
   22.     Capital costs not recoverable  
   23.     Limitation on recovery of management fees  
   24.     Recovery of land tax  
   25.     Landlord's liability for repairs  
   26.     Relocation of the tenant's business  
   27.     Demolition  
   28.     When the landlord can withhold consent to an assignment  
   29.     Procedure for obtaining consent to assignment  
   30.     Protection of assignors and guarantors  
   31.     Notice of the landlord's intentions concerning renewal  
   32.     Unconscionable conduct of a landlord  
   33.     Unconscionable conduct of a tenant  
   34.     Meaning of "retail tenancy dispute"  
   35.     Functions of Small Business Commissioner  
   36.     Referral of retail tenancy disputes for alternative dispute resolution  
   37.     New section 94A inserted  
   38.     New section 97A inserted  
   39.     Definitions  
   40.     Rent  
   41.     Notice of the landlord's intention concerning renewal  
   42.     Options to renew  
   43.     Landlord's liability for repairs  
   44.     Notification of amount of land tax  

   PART 3--AMENDMENT OF RETAIL TENANCIES REFORM ACT 1998

   45.     Definitions  
   46.     Retail premises lease  
   47.     Disclosure on renewal of lease  
   48.     Disclosure to assignees  

   PART 4--AMENDMENT OF RETAIL TENANCIES ACT 1986

   49.     Definitions  
   50.     New section 14AA inserted into the Retail Tenancies Act 1986  

   PART 5--AMENDMENT OF PROPERTY LAW ACT 1958

   51.     Amendment to section 146 of the Property Law Act 1958  

   PART 6--REPEAL OF SMALL BUSINESS VICTORIA (REPEAL) ACT 1996

   52.     Repeal of Small Business Victoria (Repeal) Act 1996  
           ENDNOTES


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