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s 3

Application of Act generally

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Part 1Preliminary

3 Application of Act generally

(1)

This Act applies to the sale of a proposed lot if, when the proposed lot becomes a lot, it will be situated in Queensland.

(2)

For subsection (1), it does not matter where the contract for the sale was entered into.

(3)

This Act does not apply to the sale of a proposed lot if—

(a)

the sale is part of a large transaction; or

(b)

the sale arises from the reconfiguration of land into not more than 5 lots.

(4)

In this section—large transaction means the sale of 6 or more proposed lots if—

(a)

the seller of each proposed lot is the same person; and

(b)

the buyer of each proposed lot is the same person; and

(c)

the sale is the subject of—

(i)

a single contract; or

(ii)

2 or more contracts entered into within 24 hours.

reconfiguration, in relation to land, means reconfiguration by subdivision or amalgamation.

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