QLDIn ForceAct
South Bank Corporation Act 1989
sec.97BDefinitions for pt 9A
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### sec.97B Definitions for pt 9A
In this part—
cadastral surveyor see the Surveyors Act 2003 , schedule 3 .
disclosure statement means a disclosure statement given under section 97F .
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.
leasehold building units lot means a lot shown on a registered leasehold building units plan.
lot means a lot, including a leasehold building units lot and a stratum lot, within the corporation area shown on a registered plan.
original seller means any person who, immediately after the registration of a leasehold building units plan subdividing South Bank public land, is—
the lessee of all lots in the plan; or
a successor or assignee of the lessee, other than a genuine transferee for value of the lease of a lot or any successor or assignee of the transferee.
prescribed trust account , for a recognised entity, means—
if the recognised entity is a law practice—a trust account kept by the practice under the Legal Profession Act 2007 ; or
if the recognised entity is the public trustee—a common fund held by the public trustee under the Public Trustee Act 1978 ; or
if the recognised entity is a real estate agent—a trust account kept by the agent under the Agents Financial Administration Act 2014 .
proposed leasehold building units lot means land within the corporation area that will become a leasehold building units lot on the registration of the plan on which it is shown.
proposed lot means land within the corporation area that will become a lot on the registration of the plan on which it is shown.
public trustee means the public trustee under the Public Trustee Act 1978 .
real estate agent means a real estate agent carrying on business as a real estate agent under the Property Occupations Act 2014 .
recognised entity means any of the following—
a law practice;
the public trustee;
a real estate agent.
registered , in relation to a plan, means registered by the registrar of titles as provided by this Act.
seller , of a leasehold building units lot or a proposed leasehold building units lot, includes an original seller of the lot.
s 97B ins 2014 No. 46 s 69
- (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.
- (a) the lessee of all lots in the plan; or
- (b) a successor or assignee of the lessee, other than a genuine transferee for value of the lease of a lot or any successor or assignee of the transferee.
- (a) if the recognised entity is a law practice—a trust account kept by the practice under the Legal Profession Act 2007 ; or
- (b) if the recognised entity is the public trustee—a common fund held by the public trustee under the Public Trustee Act 1978 ; or
- (c) if the recognised entity is a real estate agent—a trust account kept by the agent under the Agents Financial Administration Act 2014 .
- (a) a law practice;
- (b) the public trustee;
- (c) a real estate agent.