Queensland Consolidated Acts
[Index]
[Table]
[Search]
[Search this Act]
[Notes]
[Noteup]
[Previous]
[Next]
[Download]
[Help]
AGENTS FINANCIAL ADMINISTRATION ACT 2014 - SECT 111
Adjustment for on-sale not at market value
111 Adjustment for on-sale not at market value
(1) The chief executive or QCAT must decide whether the contract price or
value for the on-sale reasonably reflected the property’s market value when
the contract was entered into.
(2) If the chief executive or QCAT decides the
contract price or value did not reasonably reflect the property’s market
value— (a) the chief executive or QCAT must fix what the reasonable market
value of the property was when the contract was entered into; and
(b) for
section 110 (1) , the contract price or value is taken to be that fixed market
value.
AustLII: Copyright Policy
| Disclaimers
| Privacy Policy
| Feedback