Queensland’s Attorney-General, Shannon Fentiman has announced, following consultations and surveys late last year, that changes will be made to legislation to prevent property developers invoking a ‘sunset clause’ to terminate ‘off the plan’ contracts for land unless specific situations apply.
This includes:
- with the written consent of the buyer; or
- under an order of the Supreme Court; or
- in another situation prescribed by regulation.
Last year, consumers and property developers were invited to complete an online survey and provide written submissions.
We are yet to see any draft bill or amendments and at this time only have the announcement of the Attorney-General to inform us but we will watch this space with eagerness and will pass on the news when received.
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