Queensland Consolidated Acts

HOUSING (FREEHOLDING OF LAND) ACT 1957 - SECT 5A

5A Purchase price

(1) This section applies if the lessee of the lease was not given notice of the purchasing price for the land contained in the lease under previous section 5(4) before 1 July 2006.

(2) The purchase price for converting the lease to freehold land under this subdivision must be worked out by the chief executive under previous sections 5(1) and (1A) and 5A.

(3) For subsection (2)—

(a) previous sections 5(1), (1A) and (5) and 5A continue to apply, with any necessary changes, as if they had not been repealed; and

(b) a reference in previous section 5A to the notice given to the lessee under previous section 5(4) is taken to be a reference to the offer to convert given to the lessee under this section.

(4) As soon as practicable after the purchase price is worked out, the chief executive must give the lessee an offer to convert under section 4 .

(5) The availability period stated in the offer to convert must be 3 months from the day the offer is given to the lessee.