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ARTICLE · 21 JUNE 2014

Property Occupations Act 2014 (Qld) to replace PAMDA

ClarkeKann Lawyers
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The Act will regulate property transactions and is one of four Acts that will provide for the repeal and split of PAMDA.

AustraliaReal Estate and Construction
Paul O'Dea
Paul O'Dea
Joanna Czajkowski
Joanna Czajkowski
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The development and real estate industries have welcomed the passing of the Property Occupations Act 2014 (the Act) by Parliament with amendment on 7 May 2014.

The Act will regulate property occupations and transactions, and is one of four Acts that will provide for the repeal and split of the Property Agents and Motor Dealers Act 2000 (Qld) (PAMDA).

COMMENCEMENT OF THE ACT

The commencement of the Act is to be fixed by proclamation.

It is understood that the Act will commence after consultation with industry, to allow time to prepare for the legislated changes.

This article discusses some of the more significant changes that will be introduced upon the commencement of the Act.

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