Harmonised National Retail Lease Register – needed in 2009!
Add to the COAG Harmonised Four Pillars of Retail Legislation Reform Agenda - Now.

The current costly, inefficient, sometimes inaccurate and late registration of retail leases on State retail property registers is unacceptable in 2009.

A cost effective Harmonised National Retail Lease Register is required to provide retailers and property developers’ accurate, timely retail lease information for an orderly informed retail property market to exist in Australia.

·         The RETAiL Alert Group has written to the Minister for Finance and Deregulation Lindsay Tanner and State Premiers recommending that a Harmonised National Retail Lease Register be added to the current COAG National Retail Tenancy Working Group’s list of Harmonised Four Pillars of Retail Tenancy Reform objectives.
 

1.    A Harmonised National Retail Lease Register will provide transparency avoiding future ACCC intrusions into Australian retail leasing matters.
 

2.    At a State level a Harmonised National Retail Lease Register will provide transparency avoiding contention on State Retail Zoning and Planning issues.
 

3.    Lower retail lease registration maintenance costs for the States, transparency and a more efficient informed Australian retail property market the required outcome.
 

4.    One of the benefits of a review will be defining and including missing or hidden elements of current Shopping Centre Leases such as inducements, free fit-outs, hidden marketing subsidies and transparency on potential uncompetitive leasing practices.
 

5.    It is proposed that the funding of such Harmonised National Retail Lease Register is paid for on a user access and pay principle.

We are asking for input from our readers on this subject – comments and thoughts to be emailed Harmonised National Retail Lease Register.

Tony Standley
Principal
The RETAiL Alert Group (Australia)
Mobile +61 (0)41 924 0497
e-mail info@adsass.com.au
Fax +61 (0)2 9987 0633
Website http://www.retailalert.com.au
 
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