Retail Shop Leases Amendment Bill 1999 (Qld)

Queensland

RETAIL SHOP LEASES AMENDMENT BILL 1999

RETAIL SHOP LEASES AMENDMENT BILL 1999

TABLE OF PROVISIONS

Section Page 1 Short title 20.6... 2 Actamended ....... 0... cece cnet tte ees 3 Amendment of s 27 (Rent may be reviewed on only | basis)........... 4 Replacement of s 91 (Parties to pay own costs).........- 0.000. e eee 91 COStS oe eens 5 Insertion of new s 124 1.2... eee teen ees

124 Non-application of certain amendments of s 27 in certain cases ..

A BILL FOR

An Act to amend the Retail Shop Leases Act 1994

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sl 4 s3 Retail Shop Leases Amendment

The Parliament of Queensland enacts—

Short title 1. This Act may be cited as the Retail Shop Leases Amendment Act 1999.

Act amended 2. This Act amends the Retail Shop Leases Act 1994.

Amendment of s 27 (Rent may be reviewed on only 1 basis) 3.(1) Section 27, heading— omit, insert— "Timing and bases of rent reviews'. (2) Section 27(1), 'the reviews are'— omit, insert— 'each review is'. (3) Section 27(2)— omit, insert—

"(1A) The rent may not be reviewed more than once in each year of the lease.

"(1B) Subsection (1A) does not apply to the first year of the lease.

'(2) The rent may be reviewed using different bases during the term of the lease, but each review must be made using only | basis.'.

(4) Section 27(5), 'using more than 1 basis for a rent review'— omit.

(5) Section 27(5), 'the review is'—

omit, insert—

'an invalid review is'.

Nowe ES Mon 111316 19 2123 Clause

s4 5 s4 Retail Shop Leases Amendment

(6) Section 27— insert— "(6) In this section— "invalid review", of rent under the lease, means—

(a) areview ina year of the lease, other than the first year, in which the rent is to be reviewed under the lease more than once; or

(b) areview made under the lease using more than | basis. "year", of the lease, means a period of 12 months starting on—