Attorney-General Jarrod Bleijie has released the first two issue papers for a review that will improve how Queenslanders buy, sell and manage property.
Mr Bleijie said it delivers on the Newman Government’s commitment to review Property Law in Queensland.
“It is an exciting opportunity for property professionals, bodies corporate, property owners and the wider community to have their say in shaping this important review,” he said.
“This government knows that property and construction are critical to Queensland’s future economic growth and prosperity.
“Furthermore, this review delivers on our election promise to grow construction as one of the four pillars of the economy.
“For too long, these industries have been strangled by unnecessary red tape and regulation under the Former Labor Government.
“It’s time we brought the property laws into the 21st century to help revitalise the market.
“I am pleased the first two issue papers on seller disclosure requirements and body corporate lot entitlements will kick start this review.
“We are proud to partner with the Commercial and Property Law Research Centre at the Queensland University of Technology (QUT) who are experts in the field of property law.
Mr Bleijie said that QUT was initially focusing on the effectiveness of the current seller disclosure obligations and whether the current body corporate lot entitlement needed reform.
“We want all consumers to be properly informed when it comes to buying property,” he said.
“This is about getting the balance right and having a system that promotes the future of the property sector.
“We are committed to delivering real improvements for Queensland’s property and construction industries, and with this review we are well on our way to achieving this goal.”
To have your say and keep up to date with the review, visit http://www.justice.qld.gov.au/corporate/community-consultation/community-consultation-activities/current-activities/review-of-property-law-in-queensland