Queensland Consolidated Acts
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LAND ACT 1994 - SECT 503F
Lapse of offer
503F Lapse of offer
(1) An offer to convert the lease to freehold is valid
for 3 months.
(2) An offer must be accepted in writing.
(3) If an offer is
not accepted or rejected in writing within the stated time, the offer lapses.
(4) The Minister, before or after the offer lapses, may extend the time stated
in the offer.
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