What is Residential Conveyancing?
The Property Council and Shopping Centre Council were not consulted about the policy before it was released. As a result, the policy was released without full appreciation of its consequences for retail property owners, managers and investors and, importantly, for retail tenants.
Finest Conveyancing is review of the Retail Tenancies Reform Act was contained in the ALP’s Small Business Policy launched in the October 1999 election campaign.
The release of the Small Business Policy shortly before the election gave no time for a considered response.
We do not oppose the review as such, although we note that changes to the Act came into force as recently as 1998 following an extensive review by the Small Business Advisory Network comprising a wide cross-section of the retail and property industries, and the legal profession, in Victoria. The amended Act has operated now for 26 months with no major difficulties or shortcomings.
The forthcoming review should, in our view, be conducted along similar representative lines. Its policy outcomes should take into account all points of view and deliver workable business outcomes.
Retail lease legislation governs business to business relationships that are defined in a commercial contract agreed between two parties with the common objective of building a successful business partnership.