Land Sales and Other Legislation Amendment Bill 2014 (Qld)

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Queensland

Land Sales and Other Legislation Amendment Bill 2014

Includes amendments agreed during Consideration

Queensland

Land Sales and Other Legislation Amendment Bill 2014

Contents Page Part 1 Preliminary 1 Short title 2.0... eee eee 10 2 Commencement... .......... 0.0 cece eee eee 10 Part 2 Amendment of Agents Financial Administration Act 2014 3 Act amended ......... 20. c eee ee tte 10 4 Amendment of s 22 (Permitted drawings from trust accounts). . . 10 5 Replacement of pt 2, div 5 (Disputes about trust money) ...... 11 Division 5 Payments from trust accounts if dispute arises or is likely to arise 25 Application of div5............. 2.0.00 eee eee 11 26 When amount in dispute may be paid ............ 11 27 Dealing with amount in dispute if not dealt with underS26 eee ee eee eee 13 28 Where amount in dispute must be paid if person is entitled under s 27 or proceeding is started........ 13 6 Amendment of s 82 (Claims) .................0002 0.000 14 Part 3 Amendment of Body Corporate and Community Management Act 1997 Act amended ......... 20. c eee ee tte 14 8 Insertion of news 205AA.... 2.2... ee 14 205AA Application of ch 5 generally ................... 14 9 Insertion of new ss 205C and 205D................0000005 15 205C References to disclosure statement.............. 15 205D References to things done by or in relation to buyer or Seller cette 15 10 Renumbering of ch 5, pt 2, divs 1 and2.................... 16

11 Insertion of new ch 5, pt2, div1.............. 0.0000. 16

Land Sales and Other Legislation Amendment Bill 2014

Contents 14 17

Page 2

Division 1 Preliminary

211A Definitions for pt2........ 20.0.0... 0c eee eee ee Insertion of news 212B ........ 0... eee 212B Application of div 3 if option granted ............. Amendment of s 213 (Information to be given by seller to buyer) Insertion of news 213AA........ 0.06. cee 213AA Disclosure plan requirements.................-.