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Changes for property agents, motor dealers, auctioneers and debt collectors

On 1 December 2014, the Queensland Government changed laws for:

  • property agents
  • motor dealers
  • auctioneers
  • debt collectors and process servers (commercial agents)
  • financial administration in these industries.

The following Acts are now in force:

They replaced the Property Agents and Motor Dealers Act 2000 (PAMDA) on 1 December 2014.

The following Regulations are now also in force:

They replaced the PAMDA regulations, including all codes of conduct.

Reforms

The changes included:

  • Some previous licence categories no longer exist and were transitioned to new categories.
  • Licensees no longer need to display their licence at their place of business.
  • Forms were simplified and reduced in number.
  • Real estate commission was deregulated, meaning sellers and landlords can negotiate the commission they pay, with their agent.
  • A simple warning statement is now included in property contracts, rather than a separate warning statement.
  • The claim fund can operate more efficiently.