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