Queensland Consolidated Acts Queensland Consolidated Acts(1) This section applies if a former resident has not been paid an exit entitlement under section 63.
(2) The scheme operator must promptly give to the former resident details of each offer to purchase the former resident's right to reside.
Maximum penalty--40 penalty units.
(3) Also, if the former resident asks, the scheme operator must give information about the following to the former resident as soon as practicable after the end of each month for which the right to reside remains unsold--
(a) all sales inquiries relating to the right to reside;
(b) what steps the operator is taking to promote the sale of the right to reside;
(c) the following particulars of all other rights to reside in accommodation units for sale in the village--
(i) the number of rights for sale;
(ii) the size of the units;
(iii) the selling prices of the rights;
(iv) how long the rights have been for sale.
Maximum penalty for subsection (3)--40 penalty units.