Earlier this year the Queensland Government repealed the Property Agent and Motor Dealers Act 2000 (“PAMDA”) and brought in the Property Occupations Act 2014 (“Act”) to replace it. This new piece of legislation brings with it a raft of changes to property lawin Queensland, a few of which we have highlighted before. As we edge closer to the time in which it comes into play we thought we would revisit this topic and highlight a few addition changes to the way property is bought and sold and what this will mean to buyers and sellers of residential property.
Amendments to the Franchising Code and the Competition and Consumer Act:
The Federal Government has released information about proposed changes that are to be made to the Trade Practices (Industry Codes – Franchising) Regulation 1998. The proposed amendments are expected to take effect from 1 January 2015 and apply to new franchise agreements entered into on or after 1 January and existing franchise agreements renewed on or after 1 January, with some limited exceptions.