As many of you will be aware, the Commercial Tenancy (Retail Shops) Agreements Amendment Act 2011 was assented to late last year. The amendment Act had an anticipated effective date of early 2012 but this has now been delayed with the amendments anticipated to take effect in the third quarter of 2012.
The Regulations to the Act remain in the drafting process but we expect them to be made publicly available shortly.
We will provide a further update on the effect of the Regulations once they become available but in the meantime further information regarding the amendments to the Act are contained in our previous update in January 2012.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
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