sec.162Part payments must be paid to particular persons

### sec.162 Part payments must be paid to particular persons The property developer must pay a part payment received under the relevant contract directly to 1 of the following— the public trustee; a law practice; a property agent. Maximum penalty—200 penalty units or 1 year’s imprisonment. A provision of the relevant contract is void if it provides for payment of the part payment other than in accordance with subsection (1) . A provision of an instrument made in connection with the relevant contract is void if it provides for payment of the part payment other than in accordance with subsection (1) . In this section— law practice means any of the following, within the meaning of the Legal Profession Act 2007 , that has an office in Queensland— an Australian legal practitioner who is a sole practitioner but not a barrister under that Act; a law firm; an incorporated legal practice; a multi-disciplinary partnership. (sec.162-ssec.1) The property developer must pay a part payment received under the relevant contract directly to 1 of the following— the public trustee; a law practice; a property agent. Maximum penalty—200 penalty units or 1 year’s imprisonment. (sec.162-ssec.2) A provision of the relevant contract is void if it provides for payment of the part payment other than in accordance with subsection (1) . (sec.162-ssec.3) A provision of an instrument made in connection with the relevant contract is void if it provides for payment of the part payment other than in accordance with subsection (1) . (sec.162-ssec.4) In this section— law practice means any of the following, within the meaning of the Legal Profession Act 2007 , that has an office in Queensland— an Australian legal practitioner who is a sole practitioner but not a barrister under that Act; a law firm; an incorporated legal practice; a multi-disciplinary partnership. - (a) the public trustee; - (b) a law practice; - (c) a property agent. - (a) an Australian legal practitioner who is a sole practitioner but not a barrister under that Act; - (b) a law firm; - (c) an incorporated legal practice; - (d) a multi-disciplinary partnership.