Queensland Consolidated Acts Queensland Consolidated Acts(1) The main object of this Act is to provide a system for licensing and regulating persons as resident letting agents, real estate agents, pastoral houses, auctioneers, property developers, motor dealers and commercial agents, and for registering and regulating persons as registered employees, that achieves an appropriate balance between--
(a) the need to regulate for the protection of consumers; and
(b) the need to promote freedom of enterprise in the market place.
(2) Another significant object of this Act is to provide a way of protecting consumers against particular undesirable practices associated with the promotion of residential property.
(3) The objects are to be achieved mainly by--
(a) ensuring--
(i) only suitable persons with appropriate qualifications are licensed or registered; and
(ii) persons who carry on business or are in charge of a licensee's business at a place under the authority of a property agents and motor dealers licence maintain close personal supervision of the way the business is carried on; and
(b) providing--
(i) protection for consumers in their dealings with licensees and their employees; and
(ii) a legislative framework within which persons performing activities for licensees may lawfully operate; and
(c) regulating fees and commissions that can be charged for particular transactions; and
(d) providing protection for consumers in their dealings with marketeers; and
(e) promoting administrative efficiency by providing that--
(i) responsibility for licensing rests with the chief executive; and
(ii) responsibility for minor claims against the fund rests with the chief executive; and
(iii) responsibility for claims, other than minor claims, against the fund rests with the tribunal; and
(iv) responsibility for reviewing particular decisions of the chief executive rests with the tribunal; and
(v) responsibility for disciplinary matters rests with the tribunal; and
(f) establishing a claim fund to provide compensation in particular circumstances for persons who suffer financial loss because of their dealings with persons, other than property developers and their employees, regulated under this Act; and
(g) providing for the enforcement of matters involving marketeers by the tribunal and the District Court; and
(h) providing increased flexibility in enforcement measures through codes of conduct, injunctions, undertakings, and, for contraventions by marketeers, preservation of assets and civil penalties.