Queensland Consolidated Acts

AGENTS FINANCIAL ADMINISTRATION ACT 2014 - SECT 86

86 Time limit for making particular claims relating to marketeering contraventions and non-investment residential property

(1) A person may make a claim against the fund for capital loss because of, or arising out of, a marketeering contravention relating to the person’s purchase of a non-investment residential property only if—

(a) the person has within 1 year after the contract date, given the chief executive notice in the approved form that the person intends to make the claim; and

(b) the person makes the claim within 6 years after the contract date.

(2) The approved form must include the matters mentioned in section 88 (2) (a) to (e) .

(3) The QCAT Act , section 61 does not apply to enable QCAT to extend the time permitted to do a thing mentioned in subsection (1) (a) or (b) .

(4) In this section—

"contract date" means the day on which the contract for the purchase was entered into.