RETAIL
LEASES ACT
The
Retail Leases Act has been amended by the Retail Leases Amendment Act
2005 and the amendments commenced on 1 January 2006.
Among
other changes, the definition of Specialist Retail Valuer has been
amended and the Administrative Decisions Tribunal now makes the
appointments of Specialist Retail Valuers for expert rental
determinations for properties that are covered by the Act.
The
Presidents of the API and Real Estate Institute of NSW have been
requested to provide lists of interested members who fulfill the
specialist retail valuer requirements under the Act to the
Administrative Decisions Tribunal.
The
Act is available from
http://www.legislation.nsw.gov.au