Retail Shop Leases Act 1994

Turnover of a business carried on in a leased shop is the gross sales of the business for any particular period.

However, turnover of a business carried on in a leased shop does not include the following amounts—

the net amount of discounts reasonably and properly allowed to customers in the usual course of business;

losses incurred in the resale or disposal of goods reasonably and properly purchased from customers as trade-ins in the usual course of business;

amounts of uncollected credit accounts written off by the lessee;

cash or credit refunds allowed on sales that have previously been included as gross receipts if the goods sold are returned and the sales cancelled;

fees for services refunded in whole or part if the fees have previously been included as gross receipts;

amounts of instalments refunded to customers for cancelled lay-by transactions;

taxes, including GST, imposed on the purchase price or cost of hire of goods or services at the point of sale or hire;

delivery charges;

the value of goods exchanged between 2 or more of the lessee’s shops if the exchange is made solely for the convenient conduct of the lessee’s business and not for concluding a sale made at or from the leased shop;

the value of goods returned to shippers, wholesalers or manufacturers;

amounts received from the sale of the lessee’s fixtures and fittings from the leased shop;

amounts received from sales made on a commission basis (other than commission on the sales).