Queensland Consolidated Acts

PLANNING ACT 2016 - SECT 272

272 Rights of buyers in Milton rail precinct

(1) This section applies if—

(a) the applicant for an affected area development application, for premises in the Milton rail precinct, enters into a contract with another person for the person (the
"buyer" ) to buy all or part of the premises; and

(b) when the contract is entered into, the record stated in section 271 (2) is not shown on the appropriate register because the applicant failed to comply with that subsection.

(2) The buyer may, before the contract is completed, end the contract by giving the applicant or the applicant’s agent a signed and dated notice that states the contract is ended under this section.

(3) Within 10 business days after the buyer ends the contract, the applicant must refund any deposit paid under the contract.

Penalty—

Maximum penalty—200 penalty units.

(4) This section applies despite anything to the contrary in the contract.