Queensland Numbered Acts

RETAIL SHOP LEASES AMENDMENT ACT 2006 No. 4 - SECT 30

Part 6--

insert--

'(1) This section applies to the assignment of a retail shop lease if--

(a) the lessor, assignor and assignee (each a disclosing person) of the lease have each complied with sections 22B and 22C, or any order mentioned in section 22E(2) and imposed on the disclosing person; and

(b) each disclosure statement given under the sections or order by the disclosing person is not a defective statement.

'(2) When the assignment is entered into the assignor is released from any liability under the lease to which the assignor would otherwise be subject if there is any default by the assignee.'.