Bill changes aim to cut down on paperwork
CHANGES to complex property and motor dealer laws to eliminate cumbersome paperwork have been pitched in Queensland.
Reforms to the Property Agents and Motor Dealers Act 2000 includes closing a loophole allowing buyers to pull out of a contract within 90 days and splitting the legislation based on individual industries.
The act covers more than 23 licence and registration classes across seven industries.
The State Government proposes to split the act into four different bills for each industry.
Attorney-General Jarrod Bleijie said consumers were often overloaded with paperwork and signed the dotted line without reading the fine print.
"These changes will simplify the process for consumers by incorporating the PAMDA warning statement into the contract, removing unnecessary duplication from the buying process.
Warning statements will be a key focus for amendment under the government's proposed changes.
"Under the current legislation, property agents must attach a separate form that includes a warning statement about cooling-off periods and legal advice to the sale contract," Mr Bleijie said.
"They must then provide a clear statement directing the buyer's attention to the warning statement and if they don't, a buyer can terminate the contract within 90 days.
"In our draft bill released today (Monday) we have removed the requirement to provide warning statements and the red tape around the process.
"Some buyers have used something as simple as the order the page appears or the lack of a staple to terminate contracts in the past."
The Real Estate Institute of Queensland chairman Pamela Bennett said the current property-related law was complex and made the act difficult to navigate and comply with.
"We are particularly pleased with the proposal to eliminate the PAMD Form 30C Warning Statement and the requirement to direct a buyer's attention to it.
"Anecdotal evidence gathered over many years tells us this document, which is multiple pages in length, was largely ignored by buyers and provided no real consumer benefit."
Industry leaders have been asked to make submissions on the proposal.
The consultation paper can be viewed at fairtrading.qld.gov.au.