Changes for property agents, motor dealers, auctioneers and debt collectors
On 1 December 2014, the Queensland Government changed laws for:
- property agents
- motor dealers
- debt collectors and process servers (commercial agents)
- financial administration in these industries.
The following Acts are now in force:
- Property Occupations Act 2014
- Motor Dealers and Chattel Auctioneers Act 2014
- Debt Collectors (Field Agent and Collection Agents) Act 2014
- Agents Financial Administration Act 2014.
They replaced the Property Agents and Motor Dealers Act 2000 (PAMDA) on 1 December 2014.
The following Regulations are now also in force:
- Property Occupations Regulation 2014
- Motor Dealers and Chattel Auctioneers Regulation 2014
- Debt Collectors (Field Agents and Collection Agents) Regulation 2014
- Agents Financial Administration Regulation 2014.
They replaced the PAMDA regulations, including all codes of conduct.
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.