Queensland Consolidated Acts

LAND ACT 1994 - SECT 459

459 Residential hardship concessions

(1) The Minister may reduce an instalment to less than the instalment normally applying to a pre-Wolfe freeholding lease, if—

(a) the lease is used exclusively for the lessee’s own residential use; and

(b) the lessee is suffering hardship and meets the criteria prescribed under the regulations.

(2) If the Minister considers the lessee’s financial circumstances have changed to the extent that a concession should be amended or cancelled, the Minister may, for future instalments, amend or cancel the amount of the concession.

(3) If a lease is transferred, a concession applying to the lease does not apply from the day of the transfer.

(4) To remove any doubt, it is declared that a hardship concession does not reduce the purchase price of a pre-Wolfe freeholding lease.