Queensland Consolidated Acts Queensland Consolidated Acts(1) This section applies if—
(a) rent under a retail shop lease is to be reviewed on the basis of the current market rent of the leased shop; and
(b) the lessor and lessee can not agree on the current market rent within 1 month after the review date.
(2) The current market rent is to be determined by a specialist retail valuer agreed by the lessor and lessee, or failing agreement, nominated by the chief executive.
(3) The valuer may carry out the determination only if the valuer is independent of the interests of the lessor and lessee.