Tax and legal advice

New laws for NSW retail landlords

By webmaster

The New South Wales government yesterday issued a draft of the Retail Leases Amendment Bill 2011 for public comment.

The draft bill proposes tougher laws for retail landlords in a bid to provide greater protection to small retailers.

Urban Taskforce's chief executive labelled the proposal well-intention but criticised the government for overlooking the source of the problem.

According to Mr Gadiel retail leases law was almost constantly being re-written, but nothing was being done to rectify the reasons of the imbalance of power between big shopping centre landlords and smaller retailers.

"Town planning laws are the real culprit - that's the reason that small businesses are in a weak position when they deal with their landlords," Mr Gadiel said.

"These constant revisions of the Retail Leases Act will have no effect while town planning laws are unreformed."

"The Commission belled the cat by publicly declaring that owners of retail concentrations such as shopping centres compete in an oligopolistic fashion with other landlords," Mr Gadiel said.

"This is a blunt, but accurate assessment of the state of competition between retail landlords at the moment."

"The state government should stop fiddling at the edges and tackle the real cause of the problems."

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Karen Davies is a regular listener of the Smart Property Investment Show and is almost ready to leap into the world of property investment in Australia. Taking advantage of her position as a first home buyer and utilising her super for her first investment deposit, Karen shares her plans with host Phil Tarrant. 

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She shares the life altering changes that she will need to make to purchase a property using the strategy which she wishes to employ and discusses how her career changes which have seen her transition from music management to engineering in just seven years have prepared her for such movements.
 
Karen unpacks the strides that she has made so far toward her first property investment, the process of using funds from her super as a deposit and her plans for building a portfolio going forward.

If you like this episode, show your support by rating us or leaving a review on iTunes (The Smart Property Investment Show) and by following Smart Property Investment on social media: FacebookTwitter and LinkedIn.

If you have any questions about what you heard today, any topics of interest you have in mind, or if you’d like to lend your voice to the show, email [email protected] for more insights!

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Dominique unpacks how, by relying on her background in law, she was able to overcome that debt and in doing so develop a unique investment strategy which she believes many can utilise today.

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    In this episode of Property Showcase, Michael Beresford joins editor of Wealth James Mitchell to unpack why recent political changes are not reason for concern for Australian investors.<\/p>\r\n

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Creating equity in a falling market and a long-term view of what to expect

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