Where a contract for the sale of land provides for transfer of the whole registered lot to the buyer subject to a trust obligation to retransfer a portion (the 'Seller's Block') after subdivision, the retransfer does not constitute a 'sale' of a 'proposed allotment' within s 8(1) of the Land Sales Act 1984 (Qld). The primary meaning of 'sell' in the Act is a conveyance or transfer in return for money, and the performance of a trust obligation does not fall within that meaning. The Act was designed to protect purchasers of subdivided land, not sellers who retain portions of their land.
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