SCHEDULE 1 - Code of Practice SCHEDULE 1 - Code of Practice for Retail Tenancies

Regulation 3

1.   TABLE OF CONTENTS

| | | PART 1 – PRELIMINARY | | 1. Interpretation | | 2. Application | | PART 2 – REQUIREMENTS APPLICABLE TO ALL PREMISES | | 3. Unconscionable conduct | | 4. Clarity of documentation | | 5. Negotiation of leases | | 6. Disclosure statements | | 7. Failure to give accurate statement | | 8. Lease costs | | 9. Key money | | 10. Lease terms | | 11. Lease documentation | | 12. Rent adjustments | | 13. Market value adjustments | | 14. Negotiation of adjustment | | 15. Turnover rent | | 16. Special rent | | 17. Commencement of rent | | 18. Recoverable outgoings and operating expenses | | 19. Report of recoverable outgoings | | 20. Exercise of options | | 21. Market rent review | | 22. Alterations of premises | | 23. Compensation | | 24. Demolition | | 25. Damaged premises | | 26. Employment restriction | | 27. Refurbishment of premises | | 28. Assignments | | 29. Termination and renewal of leases | | 30. Security deposits | | 31. Indemnities | | 32. Independent advice | | PART 3 – PREMISES IN SHOPPING CENTRES | | 33. Costs of obtaining information | | 34. Advertising and promotion | | 35. Relocation | | 36. Inadequate sales | | 37. Tenants' association | | 38. Trading hours | | PART 4 – DISPUTE RESOLUTION | | 39. Disputes | | PART 5 – MONITORING COMMITTEE | | 40. Monitoring Committee | | 41. Vacation of office | | 42. Committee functions and powers | | 43. Committee proceedings | | 44. Remuneration of members | | APPENDIX A – VALUATION PRINCIPLES FOR MARKET VALUE RENT | | APPENDIX B – DISCLOSURE STATEMENT DETAILS | | APPENDIX C – SPECIFIED BUSINESSES |