In February 2023 the Property Law Bill 2023 was introduced to Parliament. It is intended that the bill – when it becomes an Act – will replace the Property Law Act of 1974.
For a sneak preview, see https://www.legislation.qld.gov.au/view/html/bill.first/bill-2019-078
While much of the new act will simply restate the existing provisions of the Property Law Act 1974, there are a number of new concepts and provisions, including disclosure by sellers in conveyancing. As such, one can expect litigation going to the determination of these concepts.
For advice on property related matters, contact our property and commercial team – Peter Muller, Jessica Murray, and Megan Hanneman.