Queensland Consolidated Acts

PROPERTY OCCUPATIONS ACT 2014 - SECT 18

18 Meaning of completes a residential property sale

(1) A person
"completes" a residential property sale if a residential property in which the person has an interest is sold, whether or not a transfer to the purchaser under the sale has been registered.

(2) However, the person is not to be taken to have completed a residential property sale if—

(a) the person appointed a property agent to sell the interest in the residential property on the person’s behalf and the property agent is the effective cause of the sale; or

(b) the person held the interest in the residential property as—

(i) a personal representative; or

(ii) an administrator under the Guardianship and Administration Act 2000 ; or

(iii) a beneficiary in, or a trustee of, a deceased person’s estate; or

(iv) a mortgagee; or

(c) the person is a corporation and the corporation sold the corporation’s interest in the residential property to a related body corporate of the corporation; or

(d) the interest in the residential property is sold under a court order.

(3) In this section—

"related body corporate" see the Corporations Act , section 9 .