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Bidding at a Queensland property auction, a guide by Dotto

Bank 4 of 4 · Above the prescribed amount

Waiving disclosure on a sale above the prescribed amount

One exception to Queensland’s seller disclosure duty is in the buyer’s hands. It needs a high price and a notice from the buyer, and it needs both.

A window of four louvre banks in one green frame. Bank 4 has its blades tilted open to daylight; the other three are shut. 1 2 3 4
Bank 4 open: the waiver. The last bank, and the narrowest: two conditions, both required.

A Queensland seller is not required to give the disclosure documents if two things are both true. The sale price under the contract is more than the amount a regulation prescribes, or, if none is prescribed, more than $10 million including GST; and, before the buyer signs the contract, the buyer gives the seller a notice waiving compliance with section 99.

General informationThis page describes section 100(k) of the Property Law Act 2023, in the reprint current as at 28 April 2026, not what applies to any one sale. Whether a particular notice meets the section is a question for a solicitor.

What is being waived

The waiver is a waiver of section 99. Under that section, the seller must hand the buyer two things before the buyer signs a contract for the lot: a disclosure statement for the lot, and each document a regulation prescribes (each a prescribed certificate) that applies to it. Section 100 then lists cases in which the seller of a lot “is not required to comply with section 99”, and paragraph (k) is the one that turns on the price and on the buyer’s notice.

Both sections are about a lot, and the Act defines the word: a lot has the meaning given by the Land Title Act 1994, and does not include a proposed lot. So the duty in section 99, and this way out of it, are about the sale of a lot as the Act defines it, and a proposed lot is not one.

The two limbs

Paragraph (k) opens with the words “both of the following apply”. Neither limb works alone.

  • The price is above the amount

    The sale price under the contract is more than the amount prescribed by regulation for that subparagraph, or, if no amount is prescribed, more than $10 million including GST.

    So the figure to test against is $10 million including GST unless a regulation sets another amount. The words are “more than”: a price exactly at the amount does not meet this limb.

  • The buyer has given a waiver notice in time

    The buyer gives the seller a notice waiving compliance with section 99, and does so before signing the contract for the lot. Where there is more than one seller, the notice may go to any of them.

If either limb is missing, paragraph (k) does not apply to the sale, and the seller is left with section 99 unless some other exception in section 100 fits.

A worked illustration

Illustrative onlyFive made-up sales of a lot, tested against paragraph (k) alone. Each assumes the amount is $10 million including GST, the figure the Act gives where no regulation sets another. Prices are the sale price under the contract, including GST.

Does paragraph (k) apply?Each limb read from section 100(k) of the Property Law Act 2023.
SalePriceWaiver noticeLimb 1Limb 2Paragraph (k)
A$9.8 million including GSTGiven to the seller before the buyer signsNot met: not more than the amountMetDoes not apply
B$10 million including GST, exactlyGiven to the seller before the buyer signsNot met: equal to the amount, not more than itMetDoes not apply
C$10.4 million including GSTGiven to the seller before the buyer signsMetMetApplies
D$10.4 million including GSTGiven after the buyer signsMetNot met: too lateDoes not apply
E$10.4 million including GST, two sellersGiven to one of the two sellers before the buyer signsMetMet: any of the sellersApplies

Sale B turns on two words. The test is a price “more than” the amount, and a price of $10 million including GST is the amount itself.

The Act’s own exception

The division these rules sit in says it “applies despite any agreement to the contrary.” The waiver in paragraph (k) is one of the Act’s own exceptions, and the Act spells out its form: a notice, from the buyer, waiving compliance with section 99, given before the buyer signs.

At an auction

This page does not say how the notice limb works at an auction. Paragraph (k) speaks of the contract being signed by the buyer, and the Act’s auction rule, which treats the contract as signed at the completion of the auction, is stated to apply “for section 99(1)”. How the two meet for a particular auction is a question for a solicitor. The timing rules for disclosure at an auction are in the seller’s disclosure documents before bidding starts.

The amount, as at the reprint

The amount in limb 1 is the one place on this page that can move without the Act being amended, because it yields to whatever a regulation prescribes. As at the reprint of the Act current at 28 April 2026, the words are “the amount prescribed by regulation for this subparagraph” or, failing that, “$10m including GST”. The Act as in force is the place to read them.