r. r. 3 7 3 Commencement These Regulations come into operation on 22 April 2013. 4 Revocation The following regulations are revoked— (a) the Retail Leases Regulations 2003; (b) the Retail Leases Amendment Regulations 2010. 5 Definitions In these Regulations— has the same meaning fire services property levy as has in section 3 of the Fire Services levy Property Levy Act 2012; means the fraction calculated relevant fraction using this formula— where— A is the lettable area of the retail premises; and B is the total of lettable areas of all the premises which receive the benefit of the outgoing; means the Retail Leases Act 2003. the Act 6 Excluded retail premises For the purposes of section 4(2)(a) of the Act, the prescribed amount is $1 000 000 per annum exclusive of GST. 7 Occupancy costs
3 Commencement These Regulations come into operation on 22 April 2013. r. 3 4 Revocation The following regulations are revoked— (a) the Retail Leases Regulations 2003; (b) the Retail Leases Amendment Regulations 2010. 5 Definitions In these Regulations— fire services property levy has the same meaning as levy has in section 3 of the Fire Services Property Levy Act 2012; relevant fraction means the fraction calculated using this formula— where— A is the lettable area of the retail premises; and B is the total of lettable areas of all the premises which receive the benefit of the outgoing; the Act means the Retail Leases Act 2003. 6 Excluded retail premises For the purposes of section 4(2)(a) of the Act, the prescribed amount is $1 000 000 per annum exclusive of GST. 7 Occupancy costs r. 7