Queensland Consolidated Regulations

HOUSING (FREEHOLDING OF LAND) REGULATION 2017 - REG 3

3 Requirements for working out declared percentage—Act, s 3A

For section 3A (2)(b) of the Act , the declared percentage must be—

(a) if the equitable percentage is more than 0% but not more than 60%—60%; or

(b) if the equitable percentage is more than 60% but not more than 74%—equal to the equitable percentage; or

(c) if the equitable percentage is more than 74% but not more than 100%—75%; or

(d) if the equitable percentage is more than 100%—the equitable percentage minus 25%, up to a maximum of 100%.