Queensland Consolidated Acts Queensland Consolidated Actsapplication day see section 5C.
availability period see section 4(1)(b)(ii).
beneficiary, for part 2, division 3, see section 6.
chief executive's charge see section 7(2).
conversion application see section 3C.
conversion cost, for part 2, division 3, see section 6.
conversion in progress lease means a residential lease in relation to which the lessee applied before 1 July 2006 under previous section 4 for the lease to be deemed a freeholding lease, if--
(a) the lessee was not given notice of the purchasing price for the land in the lease under previous section 5(4) before 1 July 2006; or
(b) each of the following applies--
(i) before 1 July 2006, the lessee was given notice of the purchasing price for the land in the lease under previous section 5(4);
(ii) on 30 June 2006, the lessee had not yet elected to proceed with the application under previous section 6;
(iii) the application did not lapse before 1 July 2006.
converting change of ownership see section 6B(2).
declared percentage see section 3A(1).
deed of grant means a document evidencing the grant of land in fee simple under the Land Act 1994, including an indefeasible title under the Land Title Act 1994.
demand amount see section 7C(4).
effective day see section 4(1)(b)(iii).
freeholding lease, for part 3, see section 10B(1A).
notice of intention to sell see section 7C(2).
offer to convert see section 4(1)(b).
payment period see section 7A(2).
prescribed change of ownership see section 6A.
previous, for a provision of this Act, means the provision as in force before 1 July 2006.
purchase price, for converting a residential lease to freehold land under part 2, division 2, means--
(a) for a residential lease other than a conversion in progress lease--the purchase price worked out by the chief executive under section 4A; or
(b) for a conversion in progress lease--
(i) if section 5A(2) applies in relation to the lease--the purchase price worked out by the chief executive under section 5A; or
(ii) otherwise--the purchasing price for the land contained in the lease stated in a notice given to the lessee before 1 July 2006 under previous section 5(4).
register, for part 2, division 3, see section 6.
registered owner, for part 2, division 3, see section 6.
registrar of titles means the registrar of titles under the Land Title Act 1994.
residential lease means a perpetual lease for residential purposes--
(a) granted and held, or taken to be held, under the Housing Act 2003, section 113 or the repealed State Housing Act 1945, section 24A; and
(b) that is in force immediately before 1 July 2006.
unconverted lease, for part 2, division 3, see section 6.
value amount, of a residential lease, means the amount of the valuation, under the Land Valuation Act 2010, of the land contained in the lease--
(a) for an offer to convert given to the lessee of the lease under part 2, division 2, subdivision 1--when the chief executive decides the purchase price under the subdivision; or
(b) for a lease cancelled under part 2, division 3--immediately before the lease is cancelled.