Authority Update - Queensland - April 2017

The Land and Other Legislation Amendment Act 2016 (LOLA Act 2016) became law on 30 March 2017, amended the Land Title Act 1994 and the Land Act 1994.

The LOLA Act 2016 is available on the Queensland Legislation website
https://www.legislation.qld.gov.au/LEGISLTN/ACTS/2017/17AC010.pdf

Amendments providing for priority notices (which will replace settlement notices) will commence by proclamation at a later date.

Below is are the key changes, which came into effect as part of this amendment.
 

Land Title Act 1994

  • Section 109 How interest as trustee may be registered
  • Section 110A Instrument to vest in trustee
  • Section 112 Registering beneficiary
  • Section 126 (Lapsing of caveat)
  • Section 130 Compensation for improper caveat


Land Act 1994


Where there are provisions corresponding to those in the Land Title Act 1994, these have been amended in similar way to above.

The Land Title Practice Manual will be updated in due course to reflect these changes.

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Disclaimer: The information herein has been prepared by SAI Global Property Division Pty Ltd ACN 089 586 872 from information released by the Authority cited on this page. It is provided as general background information only; it is not complete; and it does not comprehensively address this subject matter. Readers should not consider the information so provided as advice nor as a recommendation to take any particular course of action. Persons needing advice should consult their own solicitor, accountant or other professional adviser.