Queensland Consolidated Acts

LAND ACT 1994 - SECT 139

139 Improvements to be bought by incoming lessee or buyer

(1) If there are improvements, the property of the State or a previous lessee, on land to be leased or bought under this Act, the value of the improvements must be stated in the offer or in the sale notice.

(2) The value of the improvements is the value on the day the offer was made or the sale notice was published.

(3) The value of the improvements may be—

(a) not negotiable; or

(b) negotiable (the
"provisional value" ).

(4) The incoming buyer or lessee must pay the State the value of improvements within the time stated in the offer or the sale notice, whether or not a provisional value is to be negotiated.