Queensland Consolidated Acts Queensland Consolidated Acts(1) The building owner under a regulated contract may withdraw from the contract under this section.
(2) The building owner may withdraw from the contract within 5 business days after the receipt day for the contract.
(3) If 5 business days have elapsed since the contract was entered into and there is no receipt day for the contract, the building owner may withdraw from the contract.
(4) Nothing in subsection (3) affects the right of the building owner to withdraw from the contract under subsection (2) if a receipt day subsequently applies to the contract.
(5) In this section--
receipt day, for a regulated contract, means--
(a) the day on which the building owner receives the following documents from the building contractor--
(i) a copy of the signed contract;
(ii) a copy of the appropriate contract information statement for the contract; or
(b) if the documents mentioned in paragraph (a) are received by the building owner from the building contractor on different days--the later of the days.