Queensland Consolidated Acts

PROPERTY LAW ACT 1974 - SECT 67A

67A When statutory rights of termination end for land sales if e-conveyancing is used

(1) This section applies if—

(a) an Act provides for a right of termination (however described) in relation to the sale of land or a contract for the sale of land; and

(b) the right is expressed to end on settlement; and

(c) the sale is settled using e-conveyancing.

(2) The right of termination ends on settlement.

(3) However, the right of termination may not be exercised during any period the electronic workspace for the e-conveyance is locked for the purpose of settlement.

(4) In this section—

"locked" , in relation to an electronic workspace for an e-conveyance, means the ELN for the workspace does not allow a participating subscriber to the e-conveyance to change a document or instruction in the workspace.