sec.3Application of Act generally

### sec.3 Application of Act generally This Act applies to the sale of a proposed lot if, when the proposed lot becomes a lot, it will be situated in Queensland. For subsection (1) , it does not matter where the contract for the sale was entered into. This Act does not apply to the sale of a proposed lot if— the sale is part of a large transaction; or the sale arises from the reconfiguration of land into not more than 5 lots. In this section— large transaction means the sale of 6 or more proposed lots if— the seller of each proposed lot is the same person; and the buyer of each proposed lot is the same person; and the sale is the subject of— a single contract; or 2 or more contracts entered into within 24 hours. reconfiguration , in relation to land, means reconfiguration by subdivision or amalgamation. s 3 prev s 3 amd 1989 No. 103 s 3 sch om R1 (see RA s 36) pres s 3 ins 2014 No. 46 s 39 (sec.3-ssec.1) This Act applies to the sale of a proposed lot if, when the proposed lot becomes a lot, it will be situated in Queensland. (sec.3-ssec.2) For subsection (1) , it does not matter where the contract for the sale was entered into. (sec.3-ssec.3) This Act does not apply to the sale of a proposed lot if— the sale is part of a large transaction; or the sale arises from the reconfiguration of land into not more than 5 lots. (sec.3-ssec.4) In this section— large transaction means the sale of 6 or more proposed lots if— the seller of each proposed lot is the same person; and the buyer of each proposed lot is the same person; and the sale is the subject of— a single contract; or 2 or more contracts entered into within 24 hours. reconfiguration , in relation to land, means reconfiguration by subdivision or amalgamation. - (a) the sale is part of a large transaction; or - (b) the sale arises from the reconfiguration of land into not more than 5 lots. - (a) the seller of each proposed lot is the same person; and - (b) the buyer of each proposed lot is the same person; and - (c) the sale is the subject of— (i) a single contract; or (ii) 2 or more contracts entered into within 24 hours. - (i) a single contract; or - (ii) 2 or more contracts entered into within 24 hours. - (i) a single contract; or - (ii) 2 or more contracts entered into within 24 hours.