Retail Leases Act 1994 No 46
Historical version for 1 January 2005 to 30 June 2005 (accessed 23 November 2014 at 20:46) Current version
Part 5Section 41A

41A   Protection of assignors and guarantors

(1)  A person who assigns a retail shop lease in connection with the lease of a retail shop that will continue to be an ongoing business, or a guarantor or covenantor of the person, is not liable to pay to the lessor any money in respect of amounts payable by the person to whom the lease is assigned if the former lessee gave:
(a)  the lessor a copy of the assignor’s disclosure statement as referred to in section 41 (a), and
(b)  the proposed assignee a copy of the assignor’s disclosure statement as referred to in section 41 (b).
(2)  This section does not apply to a former lessee, guarantor or covenantor or a lessor if the assignor’s disclosure statement contains information that is materially false or misleading or incomplete.
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