Queensland Consolidated Acts

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PROPERTY OCCUPATIONS ACT 2014 - SECT 159

Definitions for pt 7

159 Definitions for pt 7

In this part—

"buyer" , for a matter, includes the buyer’s agent authorised to act for the buyer for the matter.

"cooling-off period" see section 166 .

"listed" means listed on a stock exchange.

"registered bidder" , for an auction, means a person who is registered, as prescribed under a regulation, as a bidder for the auction.

"relevant contract" see section 160 .

"seller" , for a matter, includes the seller’s agent authorised to act for the seller for the matter.

"termination penalty" , for a relevant contract, means an amount equal to 0.25% of the purchase price under the relevant contract.



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