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The retail sector is an important industry which provides services and jobs. Retail premises not only supports the needs of the community, but the vitality and competitiveness of NSW and Australia. In Australia, the retail sector generates more than $72 billion per year, with NSW contributing more than a third of this at $22.8 billion per year.
In 2016, the NSW Government appointed an independent committee, the Retail Expert Advisory Committee (REAC).