The Department of Business and Innovation has invited submissions on proposed Retail Leases Regulations and a Regulatory Impact Statement.
The Department’s website states that:
The objectives of these regulations are to:
The Regulatory Impact Statement:
- explains the likely impact of the proposed regulations
- assesses the benefits and costs of the proposed regulations and the feasible alternatives for achieving the same objectives
- considers genuine options for reform and re-establishes the case for government intervention in the market for retail leases
One of the interesting issues being considered by the Department is whether there will be a different disclosure statement for assignors of a retail lease (for further discussion on this topic, see an earlier post here).
Readers interested in making submissions can find further details at the Department’s website here.