HOUSING ACT 2003 - SECT 113
Chief executive’s power to sell houses to eligible persons
HOUSING ACT 2003 - SECT 113
Chief executive’s power to sell houses to eligible persons
113 Chief executive’s power to sell houses to eligible persons
(1) The chief executive may sell to a person a house and land which has been
or is being acquired by the chief executive or a house erected, or in the
course of erection, or to be erected in pursuance of this Act.
(1AA) Where
the fee simple of the land whereon the house is erected, or in the course of
erection, or to be erected is vested in the chief executive, the chief
executive shall sell the land for that estate together with the dwelling
house.
(1A) Where—
(a) the chief executive acquires a house and land
pursuant to this Act and is or becomes the registered proprietor of that land;
(b) the fee simple of the land whereon a house is erected or in the course of
erection, or to be erected pursuant to this Act is vested in the chief
executive;
the power conferred on the chief executive by subsections (1) and
(1AA) includes the power to sell a share in the house and land and any
reference to ‘house’, ‘dwelling house’ and ‘land’ in this section
or other section applicable or which becomes applicable subsequent to the sale
of a house, dwelling house, or land shall be read and construed to include a
share of a house, dwelling house or land.
(2) Sale of house only to person
not already an owner A house shall not be sold under this section to any
person unless the chief executive is satisfied that—
(a) the house is
intended to be used by the person as the person’s home and for no other
purpose; and
(b) except in circumstances approved by the chief executive,
neither the person, nor the spouse (if any) of that person, is the owner of
any other house in Queensland or elsewhere.
(3) Terms and conditions of sale
A sale under this section must be on terms acceptable to the chief executive.
(3A) Purchasing price Subject to subsections (3B) and (3D), the purchasing
price shall be agreed upon between the chief executive and the purchaser.
(3B) In determining the purchasing price to which it will agree, the chief
executive shall have regard to the improved value of the land appurtenant to
the house, namely, the capital sum the land might be expected to realise if
offered for sale for an estate in fee simple on such reasonable terms and
conditions as a bona fide seller would require having regard to the added
value given to the land by the house and other improvements (if any) at the
time as at which the contract of sale is entered into, irrespective of the
cost of the house and other improvements (if any).
(3D) In the case of a sale
of a house in the course of erection, or a house to be erected, the chief
executive may agree to sell at a price to be determined according to the
provisions of subsections (3A) and (3B) upon the completion of erection, and
may in such case further agree that the price to be so determined shall not
exceed a specified sum.
(3E) Instalments The purchaser must pay interest on
the balance of the purchasing price at a rate determined by the chief
executive.
(3EA) The purchaser must make monthly payments to the chief
executive of—
(a) the balance of the purchasing price payable; and
(b)
interest payable under subsection (3E).
(3EB) The amount of a monthly payment
under subsection (3EA)(a) and (b) is the amount decided by the chief
executive.
(3F) The provisions of the Commonwealth and State Housing
Agreement and State Housing Act and Another Act Amendment Act 1978 , section
10 (a) shall not apply to any contract of sale entered into pursuant to this
section application for which was received by the commission before the
commencement of that Act nor to advances made by the commission pursuant to
subsection (7) where the relevant contract was entered into before such
commencement.
(5) The costs and expenses (if any) of any transfer, mortgage
or release executed under this section shall be borne by the purchaser.