Tuesday, May 17, 2022

Body Corporate And Community Management Act 1997

Chapter 5
Part 2
Division 1
Section 211A

Definitions for pt 2 | Section 211A

In this part—

cadastral surveyor see the Surveyors Act 2003schedule 3.

law practice means any of the following, within the meaning of the Legal Profession Act 2007, that has an office in Queensland—

(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.

prescribed trust account, for a recognised entity, means—

(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.

proposed lot means a lot intended to come into existence as a lot included in a community titles scheme when the scheme is established or changed.

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)a law practice;

(b)the public trustee;

(c)a real estate agent.

© Sourced from the Queensland Legislation website at 1 April 2020. For the latest information on Queensland Government legislation please go to https://www.legislation.qld.gov.au.

Disclaimer: Reproduced from the Body Corporate and Community Management Act 1997. This website does not give legal advice or other professional advice. You should seek legal or other professional advice before acting and not rely on any of the content on this website.

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