NSW Leases Act under review

 

sign,deal,agreementThe retail sector has welcomed the NSW government’s review of a “diabolic” leases act.

The Australian Retailers Association (ARA) says the discussion paper on the review of the Retail Leases Act 1994 is another step towards improving relations between landlords and retailers.

“The review is critical to the retail sector in NSW,” ARA executive director Russell Zimmerman said on Friday.

“It is a crucial step forward to ensuring more transparency and fairness in the lease negotiation process.”

NSW Minister for Small Business and Primary Industries Katrina Hodgkinson said changes in the market required changes in law.

“We need to make sure that we’ve got a level and fair playing field,” she said in a statement.

The review focused on removing unnecessary red tape that Hodgkinson said was a barrier for small businesses.

But the government says the discussion paper needed further input from the community before any proposed changes could be applied.

“There are a lot of people interested in this,” the minister said.

Hodgkinson, who used to run two wool shops in Yass and Bowral, said she knew only too well how the Retail Leases Act made it difficult for small businesses to enter the market.

City of Sydney councillor and entrepreneur Angela Vithoulkas said reviewing the act would allow business owners to focus on trading, rather than bureaucracy.

“That act is diabolic,” she said.

AAP

Comments

Comment Manually

Inside Retail Polls

Has your ad spend on Facebook and Instagram changed over the last 5 years?
Vote

Twitter

In the latest issue of Inside Retail, we celebrate 20 of Australia’s coolest businesses. Get the free report here:… https://t.co/REjr5LDgoE

14 hours ago

Retailer Awards entries close this Friday, 8 November. Choose from 11 categories and enter now:… https://t.co/sSrRYp4iWl

1 week ago