News / New law streamlines sales of lots in Queensland /
New law streamlines sales of lots in Queensland
12 September 2014
The Land Sales and Other Legislation Amendment Bill 2014 (Qld) (the Bill) was passed by Queensland Parliament on 9 September, introducing a new approach to the sale of land and off-the-plan lots. The revisions largely focus on the reduction of red tape while maintaining consumer protections for buyers.
One of the key features of the Bill is to lift certain restrictions on the sale of unregistered reconfigured parcels of land to expedite the development process and bring the law into alignment with pre-existing provisions pertaining to off-the-plan properties.
The amendments affect a number current acts including the Body Corporate and Community Management Act 1997 (Qld), Building Units and Group Titles Act 1980 (Qld), Land Sales Act 1984 (Qld) and the Property Law Act 1974 (Qld).
For more information please contact:
Matthew Bradford | Partner
t +61 7 3224 0353
f +61 7 3224 0333