Retail Leases Amendment Act 2012 (Vic) commences tomorrow
After passing through the upper house on 15 November 2012, the Retail Leases Amendment Bill 2012 (Vic) received Royal Assent today. It will come into operation tomorrow.
At the time of this post, the Retail Leases Amendment Act 2012 (Vic) has not yet made its way onto the Victorian parliamentary website. The consolidated version of the Retail Leases Act 2003 (Vic) on the Parliamentary website has not yet been updated to reflect the amendments.
A summary of the bill and its significance can be found in an earlier post here.
Importantly for practitioners, landlords will no longer need to report new or renewed leases to the Office of the Small Business Commissioner.
Thank you to Mark Schramm at the Office of the Small Business Commissioner for alerting me to this.
Sam Hopper and Imogen White