×

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

Brisbane City
Commercial Tenancy Code now applies in Queensland

The mandatory commercial tenancies code which will apply to commercial and retail tenancies Australia-wide has now been legislated in Queensland.

Read more
Doing her budget at home
Personal Property Securities Register

At our Wednesdays With Redchip webinar in May, our experts Lauren and Zac covered how to best utilise personal property security laws to ensure you (and your clients) are always treated with priority to other creditors.

Read more
Document Signing (small)
Estate Planning: The market has moved and it’s a whole new ball game

At our Wednesdays With Redchip webinar in April, our experts Ian and Emily stepped through how you can generate additional revenue for your practice by giving you practical insights into Estate Planning.

Read more