sec.14Application of Act—if premises become or cease to be a retail shop after commencement of lease

sec.14 Application of Act—if premises become or cease to be a retail shop after commencement of lease

In relation to a lease of premises that become a retail shop only after the commencement of the lease, this Act does not apply to— the lease; or an assignment of the lease; or a renewal of the lease under an option under the lease. On 1 April 2016 a person enters into a 3-year lease for carrying on a business that is not a retail business from premises that are not in a retail shopping centre. Accordingly, the premises are not a retail shop as defined in the schedule. However, on 1 September 2016, the business is prescribed by regulation as a retail business. Under this subsection, this Act does not apply to the lease even though the premises become a retail shop on this second date. In relation to a lease of premises that cease to be a retail shop after the commencement of the lease, this Act continues to apply to— the lease; or an assignment of the lease; or a renewal of the lease under an option under the lease. On 1 April 2016 a person enters into a 3-year lease for the conduct of a business that is not a retail business from premises in a retail shopping centre. On 1 September 2016, the cluster of premises in which the leased premises are situated ceases to be a retail shopping centre and the business is still not a retail business. Under this subsection, this Act continues to apply to the lease even though the premises are no longer a retail shop. s 14 amd 2000 No. 19 s 37 ; 2009 No. 24 s 1572 sub 2016 No. 21 s 10 (sec.14-ssec.1) In relation to a lease of premises that become a retail shop only after the commencement of the lease, this Act does not apply to— the lease; or an assignment of the lease; or a renewal of the lease under an option under the lease. On 1 April 2016 a person enters into a 3-year lease for carrying on a business that is not a retail business from premises that are not in a retail shopping centre. Accordingly, the premises are not a retail shop as defined in the schedule. However, on 1 September 2016, the business is prescribed by regulation as a retail business. Under this subsection, this Act does not apply to the lease even though the premises become a retail shop on this second date. (sec.14-ssec.2) In relation to a lease of premises that cease to be a retail shop after the commencement of the lease, this Act continues to apply to— the lease; or an assignment of the lease; or a renewal of the lease under an option under the lease. On 1 April 2016 a person enters into a 3-year lease for the conduct of a business that is not a retail business from premises in a retail shopping centre. On 1 September 2016, the cluster of premises in which the leased premises are situated ceases to be a retail shopping centre and the business is still not a retail business. Under this subsection, this Act continues to apply to the lease even though the premises are no longer a retail shop.