Statutory seller disclosure scheme in Queensland
We sought your views on a proposal to implement a statutory seller disclosure scheme in Queensland.
The enactment of a seller disclosure scheme was recommended by the Commercial and Property Law Research Centre at the Queensland University of Technology (QUT) following the centre’s review of Queensland’s property laws.
Currently there is no formal seller disclosure regime in Queensland applying to the sale and purchase of freehold land. Sellers are instead required to comply with a complex mix of common law, statutory and contractual obligations.
The proposed scheme would make it mandatory (with some exceptions) for a seller of freehold land to disclose relevant information to a proposed buyer in a single document along with any prescribed certificates, including a body corporate certificate, where relevant.
The seller disclosure scheme seeks to simplify freehold land contracts and empower buyers to make informed decisions about property dealings.
You were invited to provide a written response to the Exposure draft of the Bill and the following associated forms:
- draft Disclosure statement
- draft Body corporate certificate for the sale of a lot included in a community titles scheme under the Body Corporate and Community Management Act 1997, and
- draft Body corporate certificate for the sale of a lot under the Building Units and Group Titles Act 1980.
Your feedback will ensure the proposed scheme reflects the needs of consumers and industry stakeholders.
Have your say
The consultation closed at 5pm on 31 August 2022.
Your privacy
The Queensland Government is bound by the Information Privacy Act 2009. Find out more by reading our privacy statement.
We may contact you for further information on the issues you raise in your submission. Information in your submission will be used to inform this consultation process. Your submission may also be published on our website. If you would like your submission—or any part of it—to be treated as confidential, please indicate this clearly. Please note however that all submissions may be subject to disclosure under the Right to Information Act 2009.
Contact
Please email the Property Law Act Review team on PropertyLawActReview@justice.qld.gov.au if you would like to find out more about this consultation.