Page 3256 - Week 11 - Wednesday, 21 September 1994
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Page 3, line 28, clause 3, after the definition of "option", insert the following definition:
"'owner' means a person who grants, or proposes to grant, a right to occupy premises under a lease, and includes any heir, executor, administrator or assign of that person;".
Page 3, line 31, clause 3, definition of "party", subparagraph (a)(i), omit "landlord", substitute "owner".
Page 4, lines 5 to 12, clause 3, definition of "ratchet clause", omit the definition, substitute the following definition:
"'ratchet clause', in relation to a provision in a lease for determining rent variations in such a way that rent might decrease, means a provision in that lease that has the effect of preventing, or giving a person the power to prevent, that decrease;".
Page 4, lines 15 and 16, clause 3, definition of "Registrar", omit the definition, substitute the following definition:
"'Registrar' means the public servant for the time being performing the functions of the Registrar of the Tribunal by virtue of section 65;".
Page 4, lines 29 and 30, clause 3, definition of "shopping centre", subparagraph (b)(i), omit "landlord" (wherever occurring), substitute "owner".
Page 5, line 2, clause 3, definition of "shopping centre", subparagraph (c)(ii), omit "common".
Page 6, lines 14 and 15, clause 6, paragraph (c), omit the paragraph, substitute the following paragraph:
"(c) a dispute about key money, a multiple rent review clause or a ratchet clause, in relation to a lease or to negotiations for the entering into of a lease;".
Page 6, line 18, clause 6, paragraph (d), after "key money", insert ", a multiple rent review clause".
Page 6, line 21, clause 6, paragraph (f), add "or negotiations for the entering into of a lease".
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