Queensland Numbered Acts Queensland Numbered Acts(1) This section applies if, under a lease, land must be used primarily for residential purposes.
(2) If, on the commencement of this section, there is no private residential premises on the land, the lessee must ensure a private residential premises is built on the land—
(a) for a 1985 Act granted lease—within 8 years after the commencement of this section; or
(b) for a new Act granted lease—within 8 years after the lease is granted.
(3) The annual rental for the lease is the amount, of not more than $1, decided by the lessor.