Queensland Consolidated Acts

PROPERTY OCCUPATIONS ACT 2014 - SECT 164

164 Buyer to be given copy of property valuation buyer pays for

(1) This section applies if—

(a) it is a term of a relevant contract that the buyer must pay for a valuation of the property that, under the relevant contract, is not required to have been given to the buyer before the relevant contract is entered into; or

(b) the seller otherwise requires the buyer to pay for a valuation of the property that is not required to be given or to have been given to the buyer before the relevant contract is entered into.

(2) Despite the term or requirement, the seller commits an offence if the seller fails to give the buyer a copy of the valuation before the relevant contract is entered into.

Penalty—

Maximum penalty—200 penalty units.

(3) The term or requirement is effective only if, before the relevant contract was entered into by the buyer, the buyer received the valuation and, in writing, acknowledged the receipt.

(4) Subsection (3) does not affect subsection (2) .

(5) A contravention of subsection (2) does not affect the validity of the relevant contract.