Clifford Gouldson Lawyers

PAMDA Overhaul Looms Closer

Print Version

16/04/2014

Significant changes to the current PAMDA arrangements are moving closer with the Queensland Property Occupations Bill 2013 expected to be passed by State Parliament in the coming months.

The Bill is one of four which will split the current Property Agents and Motor Dealers Act 2000 (PAMDA). 

Some of the more significant changes proposed by the Bill include:

  1. abolishing the Form 30C Warning Statement and removing the requirement to provide a Body Corporate information sheet for lots in a community titles scheme;
  2. removing the requirement to direct a buyer to a warning statement, Body Corporate information sheet or contract;
  3. removing a buyer’s right to terminate the contract if the required disclosure regarding the cooling off period and termination penalty is not included in the contract or is included in the wrong spot. Instead, the seller or seller’s agent will be liable for a penalty of up to $22,000;
  4. removing the requirement for a buyer to provide a Form 32a Lawyer’s Certificate if they wish to waive or shorten the cooling off period;
  5. simplifying the definition of ‘residential property’ which in turn clarifies the circumstances in which the legislation will apply; and
  6. removing the cap on the maximum commission which an agent can charge in relation to a residential property transaction.

If you are involved in the real estate industry and would like to know more about the changes once the new legislation is passed, we encourage you to contact us about information sessions for you and your staff.

LATEST NEWS/EVENTS

Dismissal because of domestic violence deemed not discrimination - 13/02/2019

In January last year, in the Queensland Industrial Relations Commission, Deputy President Swan dismissed a complaint made by a worker that claimed she had been sexually discriminated against by her employer due to an unfortunate event of domestic violence.... read on

Sushi case confirms employer record-keeping requirements - 11/02/2019

An underpaying sushi business is the first to be charged by the Fair Work Ombudsman (FWO) utilising under a new reverse onus of proof law that puts the pressure back on employers to refute fishy conduct in court.... read on

Exporter Update - 1 March 2019 Air Freight Security Requirements - 7/02/2019

From 1 March 2019 export air cargo, regardless of destination, will need to be examined at piece-level or originate from a Known Consignor. These measures are designed around improving aviation security.... read on

Read all news/events

Site Developed by FAQ Interactive