sec.6Prescribed particulars for financial advice report

### sec.6 Prescribed particulars for financial advice report The prescribed particulars for a financial advice report given by a prospective lessee or prospective assignee under section 22D of the Act are the following— the name of the qualified accountant signing the report; the name of the prospective lessee or prospective assignee; the name of the lessor; the address of the retail shop; a statement that the accountant has given advice about the prospective lessee or prospective assignee’s financial rights and obligations under the lease including— the rent, outgoings and other payments; and the potential financial impact of the rent review; and the fact that the operation of the business is restricted by the term of the lease; a statement that the accountant has advised the prospective lessee or prospective assignee to obtain further professional advice including advice about the following— the volume of sales required to meet all costs of carrying on the business including capital costs, loan repayments and salary for the business operator; appropriate accounting and financial reporting systems; cash flow forecasting; sales budget forecasting; taxation requirements; a declaration by the accountant about any relationship, whether professional or personal, that the accountant has with the lessor; a statement by the prospective lessee or prospective assignee about receiving and understanding the advice mentioned in the report. (sec.6-ssec) The prescribed particulars for a financial advice report given by a prospective lessee or prospective assignee under section 22D of the Act are the following— the name of the qualified accountant signing the report; the name of the prospective lessee or prospective assignee; the name of the lessor; the address of the retail shop; a statement that the accountant has given advice about the prospective lessee or prospective assignee’s financial rights and obligations under the lease including— the rent, outgoings and other payments; and the potential financial impact of the rent review; and the fact that the operation of the business is restricted by the term of the lease; a statement that the accountant has advised the prospective lessee or prospective assignee to obtain further professional advice including advice about the following— the volume of sales required to meet all costs of carrying on the business including capital costs, loan repayments and salary for the business operator; appropriate accounting and financial reporting systems; cash flow forecasting; sales budget forecasting; taxation requirements; a declaration by the accountant about any relationship, whether professional or personal, that the accountant has with the lessor; a statement by the prospective lessee or prospective assignee about receiving and understanding the advice mentioned in the report. - (a) the name of the qualified accountant signing the report; - (b) the name of the prospective lessee or prospective assignee; - (c) the name of the lessor; - (d) the address of the retail shop; - (e) a statement that the accountant has given advice about the prospective lessee or prospective assignee’s financial rights and obligations under the lease including— (i) the rent, outgoings and other payments; and (ii) the potential financial impact of the rent review; and (iii) the fact that the operation of the business is restricted by the term of the lease; - (i) the rent, outgoings and other payments; and - (ii) the potential financial impact of the rent review; and - (iii) the fact that the operation of the business is restricted by the term of the lease; - (f) a statement that the accountant has advised the prospective lessee or prospective assignee to obtain further professional advice including advice about the following— (i) the volume of sales required to meet all costs of carrying on the business including capital costs, loan repayments and salary for the business operator; (ii) appropriate accounting and financial reporting systems; (iii) cash flow forecasting; (iv) sales budget forecasting; (v) taxation requirements; - (i) the volume of sales required to meet all costs of carrying on the business including capital costs, loan repayments and salary for the business operator; - (ii) appropriate accounting and financial reporting systems; - (iii) cash flow forecasting; - (iv) sales budget forecasting; - (v) taxation requirements; - (g) a declaration by the accountant about any relationship, whether professional or personal, that the accountant has with the lessor; - (h) a statement by the prospective lessee or prospective assignee about receiving and understanding the advice mentioned in the report. - (i) the rent, outgoings and other payments; and - (ii) the potential financial impact of the rent review; and - (iii) the fact that the operation of the business is restricted by the term of the lease; - (i) the volume of sales required to meet all costs of carrying on the business including capital costs, loan repayments and salary for the business operator; - (ii) appropriate accounting and financial reporting systems; - (iii) cash flow forecasting; - (iv) sales budget forecasting; - (v) taxation requirements;