MEDIA RELEASE

08 NOVEMBER 2016: The Australian Retailers Association (ARA) today congratulated the NSW Government on leading reform of the Retail Leases Act, after amendments to the Act were tabled for the first time in more than 20 years.

Retailers in NSW have rallied in support of The Retail Leases Amendment (Review) Bill 2016 brought forth by the Minister for Small Business, the Hon John Barilaro.

ARA Executive Director Russell Zimmerman said the NSW Government has gone a long way to creating “more transparency and equality” under the NSW Retail Leases Act, with an industry sales reporting code developed and a range of issues within the Act being addressed.

“Minister Barilaro and the NSW government need to be congratulated for steering through changes which should make retail leases more transparent and fairer in New South Wales,” Mr Zimmerman said.

The Retail Leases Amendment (Review) Bill 2016 was presented to NSW Parliament on Tuesday to introduce reforms to the Retail Leases Act 1994 which is aimed at making it easier to do business in NSW and improve fairness in the marketplace.

Mr Zimmerman added that “one key example is the development of a sales reporting code which would see NSW retailers be able to request retail category values from landlords”.

“This enables them to understand real lease values which the Shopping Centre Council has agreed to through negotiation by the ARA and its industry partners at the Franchise Council of Australia along with the Pharmacy Guild of Australia.”

The ARA, industry bodies, and the entire retail sector eagerly anticipate the implementation of The Bill and the positive outcome for retailers.

The retail industry in NSW accounts for almost 390,000 jobs and $36 billion in annual sales to the economy.

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For interview opportunities with ARA Executive Director Russell Zimmerman call: The ARA Media Line T: 0439 612 556  E:media@retail.org.au

About the Australian Retailers Association:

Founded in 1903, the Australian Retailers Association (ARA) is the retail industry’s peak representative body representing Australia’s $300 billion sector, which employs more than 1.2 million people. The ARA works to ensure retail success by informing, protecting, advocating, educating and saving money for its 5,000 independent and national retail members throughout Australia. For more information, visit www.retail.org.au or call 1300 368 041.

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