New Retail Shop Leases Regulation and approved forms now available
6 December 2016
The Retail Shop Leases Amendment Act 2016 (Qld) commenced on 25 November 2016. The Retail Shop Leases Regulation 2016 has now been made and approved forms are now available on the Queensland Government’s Business and Industry portal.
The Retail Shop Leases (Transitional) Regulation 2016 has also been made and is taken to have commenced on 25 November 2016. This Regulation provides transitional arrangements for the following categories of retail shop lease entered into before the commencement of the Retail Shop Leases Amendment Act 2016 (Amendment Act):
- retail shop with a floor area of more than 1000m2 (1000m2 plus leases); and
- premises used wholly or predominantly for the carrying on of a business by a lessee for a lessor as the lessor’s employee or agent (employee/agent leases).
The Transitional Regulation clarifies that the Act will continue to apply to 1000m2 plus leases and employee/agent leases that were entered into before commencement of the Amendment Act. The Regulation and Explanatory Notes are available here.