Queensland Consolidated Acts

PROPERTY LAW ACT 1974 - SECT 31

31 Power to dispose of all rights and interests in land

(1) All rights and interests in land may be disposed of including—

(a) a contingent, executory or future interest in any land or a possibility coupled with an interest in any land, whether or not the object of the gift or limitation of such interest or possibility be ascertained; and

(b) a right of entry, into or upon land whether immediate or future, and whether vested or contingent.

(2) All rights of entry affecting a legal estate which are exercisable on condition broken or for any other reason may, after the commencement of this Act, be made exercisable by any person and the persons deriving title under that person, but, in regard to an estate in fee simple (not being a rent charge held for a legal estate) only within the period authorised by the rule relating to perpetuities.