QLD has passed new bills which will end the Property Agents and Motor Dealer's Act and creating the
Property Occupations Act
https://www.legislation.qld.gov.au/Bills/54PDF/2013/PropertyOccupB13.pdf
and
Motor Dealers and Chattels Act
Key points for everyone here.
1. Agent's commission is no longer capped at 5% for first $18,000 and 2.5% after that.
2. No warning statement required to be attached to the front of the contract. Now is a clause above the signing pages.
Will be more as well once I have a deeper look.
Not in yet but will be proclaimed shortly I imagine.
Property Occupations Act
https://www.legislation.qld.gov.au/Bills/54PDF/2013/PropertyOccupB13.pdf
and
Motor Dealers and Chattels Act
Key points for everyone here.
1. Agent's commission is no longer capped at 5% for first $18,000 and 2.5% after that.
2. No warning statement required to be attached to the front of the contract. Now is a clause above the signing pages.
Will be more as well once I have a deeper look.
Not in yet but will be proclaimed shortly I imagine.