QLDIn ForceAct
Property Occupations Act 2014
sec.159Definitions for pt 7
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### sec.159 Definitions for pt 7
In this part—
buyer , for a matter, includes the buyer’s agent authorised to act for the buyer for the matter.
cooling-off period see section 166 .
listed means listed on a stock exchange.
registered bidder , for an auction, means a person who is registered, as prescribed under a regulation, as a bidder for the auction.
relevant contract see section 160 .
seller , for a matter, includes the seller’s agent authorised to act for the seller for the matter.
termination penalty , for a relevant contract, means an amount equal to 0.25% of the purchase price under the relevant contract.