Application of Act generally
3 Application of Act generally
This Act applies to the sale of a proposed lot if, when the proposed lot becomes a lot, it will be situated in Queensland.
For subsection (1), it does not matter where the contract for the sale was entered into.
This Act does not apply to the sale of a proposed lot if—
the sale is part of a large transaction; or
the sale arises from the reconfiguration of land into not more than 5 lots.
In this section—
large transaction means the sale of 6 or more proposed lots if—
the seller of each proposed lot is the same person; and
the buyer of each proposed lot is the same person; and
the sale is the subject of—
a single contract; or
2 or more contracts entered into within 24 hours.
reconfiguration, in relation to land, means reconfiguration by subdivision or amalgamation.
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