SELLER DISCLOSURE FAQ
WHAT IS THE SELLER DISCLOSURE IN QUEENSLAND?
Introduced under the Property Law Act 2023, the new statutory regime requires that a seller must provide a buyer with:
It applies to all sales of freehold properties with exception for off the plan sales.
WHEN DOES THE SELLER DISCLOSURE COMMENCE?
All contracts executed from 1 August 2025 will require the seller disclosure to be completed and provided to the buyer. If you are thinking of listing your property after 30 June 2025, we recommend that the seller’s disclosure be prepared rather than take any risk if the property was on the market for longer than four weeks.
WHAT IS INCLUDED IN THE DISCLOSURE STATEMENT?
There are two key parts that make up the seller disclosure statement. The first is the Form 2, a prescribed form, that is completed by the seller. The second part attaches searches based on the property and answers on the form. The disclosure is separated into segments, including:
2.Titles, encumbrances and tenancy or rooming accommodation
WHAT ARE THE ‘PRESCRIBED CERTIFICATES’ THAT MUST BE PROVIDED UNDER THE NEW DISCLOSURE REGIME?
A prescribed certificate under the regime refers to the searches, notices and documents related to the property and the answers contained in the Form 2.
The below should be included:
How can we obtain the prescribed certificates and how much will it cost?
The searches can be obtained through the relevant authority directly (eg, councils or State departments) or through search providers. The cost for searches will depend on the number of lots being sold and whether the
property is part of a community titles scheme.
To complete the disclosure, you should allow between $800-$1,500 APPROX
COMPLETING THE DISCLOSURE STATEMENT
Can a disclosure statement be signed and sent electronically?
Yes, the Form 2, Disclosure Statement, can be signed electronically.
Can an agent sign on behalf of their client?
While an agent can sign the disclosure statement on behalf of a seller, we recommend that our agents do not sign the disclosure statement.
Can I be sued if the disclosure statement I provide is wrong?
Both the seller and agent may be sued if the purchaser experiences loss due to a mistake in the statement. To minimise this risk, we recommend you engage a solicitor or conveyancer to prepare the disclosure statement.
Do buyers need to sign and acknowledge the disclosure statement prior to signing the contract? How is this done?
While it’s not mandatory for a purchaser to sign the disclosure, there is a section of the disclosure statement where the purchaser can sign to acknowledge receipt. Your agent should either request written confirmation that the purchaser has received the disclosure statement or request that the purchaser return a signed copy of the disclosure statement prior to signing the sale contract to rely on as evidence that the disclosure laws have been complied with.
WHAT HAPPENS IF WE FAIL TO COMPLY WITH THE DISCLOSURE REGIME?
The buyer of the property has rights to terminate the sales contract at any time prior to settlement in two situations:
To help reduce these risks, you may be asked to review the initial disclosure statement prior to any offers being presented.
If either of these occur, the purchaser is entitled to a refund of their full deposit.
Are there any exemptions to the disclosure regime?
For most real estate transactions the seller disclosure will be required to be completed. Some examples of when an exemption may apply include:
SELLER DISCLOSURE AND AUCTIONS
Is there any difference to the disclosure process for auction or private treaty sales? If you are selling your home via auction, the seller disclosure statement still needs to be provided. Your agent will ensure that all registered bidders receive the disclosure statement prior to the auction commencing as well as having a copy on display.
DISCLAIMER: The information outlined in this document: is provided for general information purposes only; does not take into account your individual objectives, circumstances or needs, does not constitute legal or financial advice, and must not be construed as advice generally, and cannot be relied upon for any purposes. Ray White makes no warranty, representation, undertaking or guarantee, whether expressed or implied, about the accuracy, reliability or completeness of this information. To the maximum extent permitted by law, Ray White will not be liable for any direct and indirect loss, damage or expense which may be suffered due to your use of this document or the information contained in it.