Queensland Numbered Acts

QUEEN'S WHARF BRISBANE ACT 2016 - SECT 63

63 Agreement amounts are not penalties

(1) This section applies to an agreement if—

(a) the State is a party to the agreement; and

(b) the agreement relates to the development of land within the Queen’s Wharf priority development area; and

(c) a term of the agreement entitles the State to keep an amount given to it by another party in the event of a termination of the agreement.

(2) It is declared that—

(a) the term of the agreement has effect even if it is inconsistent with the common law; and

(b) the amount is not a penalty at law.