×

New POA Forms 6 and 8 effective 1 October 2015

Brisbane

New Property Occupations Act (“POA”) Form 6 (Appointment and reappointment of a property agent, resident letting agent or property auctioneer) and Form 8 (Disclosure to prospective buyer) are effective as of Thursday 1 October 2015.


What’s new?

The main differences between the old Form 6 and the new one are:

  1. There are new fields for the client’s GST registration, ABN and ACN;
  2. Part 4 now lists leasing (commercial agents) as a service;
  3. There is now an expanded description of Open Listing, Sole Agency and Exclusive Agency;
  4. There is now an option for the parties to nominate whether a Sole or Exclusive Agency continues as an open listing after the period of appointment; and
  5. For Sole and Exclusive Agency appointments, the client must now sign an acknowledgment that the agent has provided information relating to the appointment (this brings the form into line with the statutory obligation under s 103(2)(b) of the POA).

Little has changed in regards to the Form 8. You will notice a new cover page which provides a guide as to how the form should be completed, and there are also expanded descriptions for each section.

How will this affect you?

We are not aware of any transition period that applies, which means the new forms to be used from today.

For your convenience, we have included the new forms for you to download below.

If you have any questions in regards to the new forms, or any other property law issues, don’t hesitate to get in touch with Robert Lalor of our office on (07) 3223 6100

PO Form 6 Download

PO Form 8 Download

Back to Articles
Redchip

Recent Articles

The Bull
What to do when the ATO comes knocking

Experts from our Tax and Insolvency teams recently spoke to a close group of accountants from our network about proactively dealing with the ATO and how to respond if the ATO escalates to recovery action.

Read more
Happy Family
If everyone needs a plan, why don’t they?

This market study uncovered the the obstacles preventing so many people from participating in the Estate Planning process, despite showing that most people had an understanding of how important it is.

Read more
jean-gerber-266628-unsplash
Client Story | Hold Fast avoids fast growth whiplash

While rapid growth is the goal for many businesses, it can come attached to high stakes. Hold Fast Industries was in this position when introduced to Redchip.

Read more