Reserve Bank of Australia
OrganisationReferenced in 3 bills
Property Law Bill 2023
This bill replaces Queensland's nearly 50-year-old Property Law Act 1974 with a modernised framework covering how property is bought, sold, leased, and mortgaged. It introduces a new statutory seller disclosure scheme requiring sellers to provide standardised information to buyers before contracts are signed, updates the law to support electronic conveyancing and digital transactions, and removes outdated provisions that no longer reflect modern property practice.
Trusts Bill 2024
This bill replaces Queensland's 50-year-old Trusts Act 1973 with modernised legislation based on recommendations from the Queensland Law Reform Commission. It updates the rules governing how trusts are managed, giving trustees clearer powers and duties while strengthening protections for beneficiaries. This bill lapsed at the end of the 57th Parliament and did not become law.
Trusts Bill 2025
This bill replaces Queensland's Trusts Act 1973 with modernised legislation that clarifies the powers and duties of trustees, makes it easier to replace trustees who die or become incapacitated, and gives beneficiaries clearer rights to see how their trust is being managed. It broadly implements recommendations from the Queensland Law Reform Commission's comprehensive 2012-2013 review of trust law.