Queensland Consolidated Acts

BUILDING UNITS AND GROUP TITLES ACT 1980 - SECT 141

141 Continuing application of old LSA, part 3

(1) Old LSA, part 3 continues to apply in relation to a contract for the sale of a proposed lot entered into before the commencement as if the amendment Act had not been enacted.

(2) However, if, at any time before the settlement of a contract to which the part applies, the parties to the contract agree to settle the sale using e-conveyancing, the part is to be read with the following changes—

(a) old LSA, section 22(4)(a)—
omit, insert —

‘(a) the vendor or the vendor’s agent can not require the purchaser to settle; and’;

(b) old LSA, section 23(1), ‘, without becoming entitled in terms of the instrument to receive a registrable instrument of transfer in exchange therefor’—
omit, insert —
‘(but excluding an amount payable at settlement)’;

(c) old LSA, section 23(4)—

omit;

(d) old LSA, section 25(2)(a)—
omit, insert —

‘(a) before settlement of the sale of the proposed lot; or’;

(e) old LSA, section 25(2)(b)(ii)—

omit, insert —

‘(ii) before settlement of the sale of the proposed lot;’;

(f) old LSA, section 27, heading—

omit, insert—

‘27 Purchaser’s rights if purchase not settled within a certain period ’;

(g) old LSA, section 27(1)(b), ‘the vendor has not given the purchaser a registrable instrument of transfer for the lot’—

omit, insert —
‘the sale of the proposed lot has not been settled’;

(h) old LSA, section 27(2), ‘before the vendor gives the purchaser the registrable instrument of transfer for the proposed lot’—
omit, insert —
‘before the sale of the proposed lot has been settled’;

(i) old LSA, section 28, heading, ‘for giving of registrable instrument’—
omit.

(3) In this section—

"e-conveyancing" see the Property Law Act 1974, section 58A .

"old LSA" , followed by a provision number, means the provision with that number in the Land Sales Act 1984 as in force at any relevant time before the commencement.