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 14 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
Related obligations
- VICComply with Residential Tenancies Act 1997 (VIC)VIC RTA 1997 (significantly amended 2021) — minimum standards, pets, no-fault terminations reformed.
- NSWComply with Retail Leases Act 1994 (NSW)NSW retail leases — disclosure, 5-year minimum term, outgoings transparency.
- VICNotify VIC WorkSafe of notifiable WHS incidentsDeath, serious injury, illness or dangerous incident must be notified to WorkSafe immediately.
- VICMaintain VBA registration as builder / draftsperson / surveyorVIC building practitioners must hold current registration + appropriate insurance.
- VICPCBU primary duty of care (Victoria OHS Act s 21)Victorian employers must so far as reasonably practicable provide and maintain a safe working environment.
- VICPay Victorian land tax (including absentee owner surcharge)VIC land tax applies on aggregated taxable value above $50K (general) / $25K (trust); absentee owner +4% surcharge.
Frequently asked questions
- Who must comply with Retail Leases Act 2003 (VIC)?
- Vic retail tenants + landlords.
- What triggers Retail Leases Act 2003 (VIC)?
- Entering a retail lease in Vic under $1M annual rent.
- When is Retail Leases Act 2003 (VIC) due?
- Pre-lease disclosure 14 days before lease; ongoing duties.
- What is the maximum penalty for Retail Leases Act 2003 (VIC)?
- Civil penalties + Small Business Commissioner mediation + VCAT orders
- What evidence is required for Retail Leases Act 2003 (VIC)?
- Disclosure statement; lease + amendment register; outgoings reconciliation.
Source: https://www.consumer.vic.gov.au/licensing-and-registration. Rules Mate is not a law firm. Always verify against the live regulator source before acting.