Queensland Numbered Acts Queensland Numbered Acts(1) Section 27(5)(e) and (f)--
renumber as section 27(5)(f) and (g).
(2) Section 27(5)--
insert--
'(e) if the rent is determined as a base rent plus an amount equal to a percentage of the turnover of the lessee's business--the average rental paid over the previous year, or the stated number of previous years, of the lease;'.
(3) Section 27(5)(g), as renumbered, '(e)'--
omit, insert--
'(f)'.
(4) Section 27(6), 'above a stated amount'--
omit.
(5) Section 27(9)--
renumber as section 27(11).
(6) Section 27(7), '(9)'--
omit, insert--
'(11)'.
(7) Section 27(8)--
omit, insert--
'(8) Subsections (2) to (7) do not apply if--
(a) the lessee is a major lessee; and
(b) before the lessee entered into the lease the lessee gave the lessor a written notice stating that the lessee received appropriate financial and legal advice about the lease; and
(c) the lease provides for the timing and basis for each review of the lease.
'(9) To remove any doubt, it is declared that neither of the following is a rent review--
(a) an adjustment of the rent merely to enable the lessor to recover GST from the lessee;
(b) a rent concession.
'(10) Nothing in this section prevents a retail shop lease limiting the amount by which the rent payable under the lease may be increased.'.