In Queensland, land development and sales are primarily governed by three key pieces of legislation:
- Land Sales Act 1994 (LSA): This Act regulates the sale of subdivided land and off-the-plan developments, ensuring that buyers receive adequate disclosure about the property they are purchasing.
- Property Law Act 1974: This legislation sets out the fundamental legal principles governing property transactions in Queensland, including contract formation, conveyancing, and dispute resolution.
- Body Corporate and Community Management Act (BCCM Act): If the development involves a strata or community title scheme, this Act governs the management and administration of common property and the rights and responsibilities of lot owners.
However, if you are a small-scale developer, you may not be subject to the extensive disclosure requirements imposed by the LSA. Certain exemptions apply, depending on the size and nature of the development, which may provide greater flexibility in managing the sales process.
Note: The information provided is for general knowledge only and does not constitute legal advice. If you have any questions regarding property investment or commercial legal matters, please seek professional legal advice.
