Baker McKenzie’s Commercial Real Estate team has been closely monitoring the implementation of the National Code of Conduct (SME Commercial Leasing Principles) (Code) in Australia. We have previously updated you on the Code in our recent client alerts:
- New South Wales gives effect to the National Code of Conduct
- Victoria gives effect to the National Code of Conduct
- Extension of administrator relief from personal liability for rent
- Court relieves administrators of personal liability for rent
The Commercial Real Estate team has helpfully prepared a “side by side”, comparative summary table of the New South Wales, Queensland and Victorian legislation giving effect to the Code in those two states, so you can clearly see the material differences.
We will be in further contact once other states enact their legislation to give effect to the Code.
