Comply with Retail Leases Act 2003 (VIC)
Vic retail leases (under $1M annual rent) attract statutory protections including disclosure + outgoings rules.
Who must comply
Vic retail tenants + landlords.
What triggers it
Entering a retail lease in Vic under $1M annual rent.
When due
Pre-lease disclosure 7 days before lease; ongoing duties.
Evidence required
Disclosure statement; lease + amendment register; outgoings reconciliation.
Max penalty
Civil penalties + Small Business Commissioner mediation + VCAT orders
Summary
Retail Leases Act 2003 (Vic) sets disclosure statement + outgoings rules + 5-year minimum term + restrictions on landlord-imposed fees. Administered by Small Business Commissioner.
Enforced by
Source legislation
Topics
Source: https://www.consumer.vic.gov.au/businesses/leasing-business-premises. Rules Mate is not a law firm. Always verify against the live regulator source before acting.