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 for property transactions. It introduces a statutory seller disclosure scheme requiring sellers to provide standardised information to buyers before contract signing, facilitates electronic conveyancing and electronic deeds, and simplifies rules governing mortgages, leases, co-ownership, and trusts.
Trusts Bill 2024
This bill replaces Queensland's 50-year-old Trusts Act 1973 with modernised trusts legislation. It clarifies what trustees must and can do, makes it easier to deal with common trust problems without going to court, and strengthens protections for people who benefit from trusts.
Trusts Bill 2025
This bill replaces Queensland's 50-year-old Trusts Act 1973 with a modernised framework for managing trusts. It implements recommendations from the Queensland Law Reform Commission's review, updating trustee powers and duties, strengthening beneficiary protections, and making trust disputes easier and cheaper to resolve through expanded District Court jurisdiction.