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Queensland introduces Property Law Bill to parliament
The Serious Estate Institute of Queensland (REIQ) has slammed the Queensland Government’s choice to introduce a invoice implementing a formal seller disclosure routine right before resolving what it promises are outstanding thoughts. The Residence Law Bill, released this 7 days, seeks to build a uniform statutory seller disclosure regime in the state. It will replace the Residence Law Act 1974, which the authorities claims has not been comprehensively reformed since it was launched. The new scheme will make it mandatory for a seller of freehold land to disclose related facts to the consumer in a one document together with any prescribed certificates, which include a body company certificate, wherever pertinent.…
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Queensland given first glimpse of proposed new Property Law regime
Queenslanders have now been given their very first glimpse of Queensland’s proposed new home regulation routine with the new release of the community exposure draft of the Residence Regulation Invoice 2022. If passed, the Invoice will repeal and replace the just about 50-yr-aged Assets Legislation Act 1974 (Qld) with a new residence law regime supposed to modernise assets law in Queensland. In unique, the Invoice aims to repeal outdated clauses in its predecessor and involve more modern language and provisions which improved reflect recent industrial techniques. The Bill is primarily based upon 232 recommendations by the Queensland University of Know-how subsequent its assessment of the Home Legislation Act at the…
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