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Land Sales Act 1984 – 1 December 2014

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Contracts to sell proposed lots of State leasehold land must comply with section 8 of this Act (where section 3 does not exclude the operation of the Act). For a development lease, a precondition of sale is Ministerial consent. For the definition of ‘State leasehold land’, refer to the Schedule 1 dictionary.

  • Sections 3, 6, 8, 22, Schedule 1

Pre-contract disclosures are required for sales of proposed lots (where section 3 does not exclude the operation of the Act). This rule also applies to options to purchase/sell pursuant to section 9 of this Act. For the definition of ‘proposed lot’, refer to the Schedule 1 dictionary.

  • Sections 3, 6, 9, 10, 11, 12, 20, 22, Schedule 1

The seller of a proposed lot must settle the contract for the sale of the lot not later than 18 months after the buyer enters into the contract for the sale of the lot (where section 3 does not exclude the operation of the Act). The contract may be avoided by the buyer after the 18 months by written notice to the seller before settlement.

  • Sections 3, 6, 14, 20, 22, Schedule 1
Reason for law

To protect the interests of consumers in relation to property development. (Section 2)

Relevant links

Property industry forms and fees [Queensland Government]

Amending the Land Sales Act 1984

Critique

N/A

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