A draft report by the Productivity Commission states that there is little wrong with the retail tenancy market, which effectively rejects calls from small business lobby groups to reform the laws.
However, Commissioner Neil Byron has outlined suggestions for improvements to transparency, disclosure and dispute resolution. He also recommended that the laws become “nationally consistent” following the report’s proposal that shopping centres adopt a voluntary national code of conduct.
Small business lobbyists claimed shopping centres had most of the bargaining power, which unfairly influenced the market towards landlords.
The commission will accept responses to the draft before it submits its final report to the federal government in March.
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