Property law changes passed by Queensland Parliament

The Property Law Bill, which heralds the biggest shake up in property law in Queensland for 50 years, passed through Queensland Parliament on 25 October 2023. While the bill has passed and is now the Property Law Act 2023, the changes introduced by the Act will not come into effect for around 6 to 12 months. During this period, consultations with relevant stakeholders will take place to ensure sufficient time for all affected parties to be ready for the significant changes introduced by the new laws.

• introduction of a mandatory seller disclosure regime that will apply to commercial and residential sales of land, including sales by auctions. The required disclosure will include a title search, registered plan, tree orders, contaminated land notice, heritage listings, transport proposals, body corporate information certificate (for body corporates only) and a Community Management Statement (for body