Queensland Consolidated Acts Queensland Consolidated Acts(1) A regulation may prescribe, for a proposed lot, a period of more than 31/2 years but not more than 41/2 years.
(2) For the application of section 27 to a purchase of the proposed lot, entered upon after the commencement of this section, the period of 31/2 years mentioned in section 27(1)(b) is taken to be the period prescribed under subsection (1).
(3) However, subsection (2) applies only if the vendor or the vendor's agent gave to the purchaser, before the purchaser entered upon the purchase of the proposed lot, notice in the approved form stating the period prescribed under subsection (1).