Queensland Consolidated Regulations

LAND REGULATION 2020 - REG 88

88 Minimum instalments—Act, ss 457, 462 and 466

(1) This section prescribes—

(a) for section 457 (1) (e) of the Act —the minimum instalments for a pre-Wolfe freeholding lease; and

(b) for section 462 (1) (d) of the Act —the minimum instalments for a post-Wolfe freeholding lease; and

(c) for section 466 (1) (d) of the Act —the minimum instalments for a grazing homestead freeholding lease.

(2) The minimum instalments are—

(a) for a residential lease—379 fee units; or

(b) for another lease—

(i) for instalments that pay out the purchase price of the land—940 fee units; and

(ii) for instalments that pay out the purchase price of commercial timber on the land—940 fee units.