The Criminal and Other Legislation Amendment Bill 2011, recently introduced into Queensland Parliament, amends the Land Sales Act 1984 so that the traditional 3.5 year 'sunset date' for settlement to take place when selling a proposed lot may now be extended to up to 5.5 years from the contract date. If the Amendment Bill is passed, there will be no need for a developer to first apply for and obtain an extension of the 3.5 year period.
Senior associate Angie Coleman and solicitor Lucy Elkins outline the key changes introduced by the Amendment Bill, and comment on their effect on the development industry, on our website.
Gold Employer of Choice - ALB magazine, April 2010
Finalist, Brisbane Law Firm of the Year, ALB Australasian Law
Awards 2010
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
We operate a free-to-view policy, asking only that you register in order to read all of our content. Please login or register to view the rest of this article.