Property information (transfer) - electronic version (Form 24)

Form 24 collects information on behalf of other government agencies, not the titles registry itself: the Queensland Revenue Office (land tax and duty), the Electrical Safety Office (safety switches), the Queensland Fire Department (smoke alarms), the State Valuation Service (valuation and sales database), water managers and local governments (rates) (Land Title Practice Manual (LTPM) [24-0000]). A completed Form 24 must accompany a Form 1 Transfer of fee simple land, a State lease or licence, a water allocation or a South Bank lease. Images of Form 24 are not available to the public. Titles Queensland publishes two paper versions of Form 24 version 8 with the same content: this 'electronic version', with embedded fields to type into in Word or Acrobat before printing, and a version for completion by hand. Both differ from the Form 24 (electronic) used in eConveyancing, and from Form 24A, which goes with a Form 6 transmission application.

When you need it

• A Form 1 Transfer of Queensland freehold land (or a State lease, water allocation or South Bank lease) is being lodged on paper or through eLodgement.
• Both parts are needed: Part A by the transferee (buyer) and Part B by the transferor (seller). Both must be submitted with the Form 1.
• Where a transfer involves an intermediate party, a separate Form 24 is needed for each contract (LTPM [24-2010]).
• Not used with a transmission application to a beneficiary (that is Form 24A) or with an absolute surrender of land to the State.

1. 1

   Title reference

   Insert the title reference from the Form 1 (the first one if there are several). The same title reference must appear in Part A and Part B.

2. 2

   Part A, Item 1: transferee

   Give each transferee's full name in capitals as on the transfer (or company name and ACN or ABN), date of birth for individuals, residential or business address after possession (not an agent's address or post office box), phone, postal address and email, the name of any trust, whether any transferee is a foreign person or corporation, and whether they ordinarily reside in Australia. If a transferee is a foreign person, complete and attach a Form 25 (Foreign ownership information).

3. 3

   Part A, Item 2: transaction dates

   Insert the date of possession (usually settlement, or as agreed) and the date of settlement. The settlement date must be completed even if it is the same as the possession date.

4. 4

   Part B, Items 3 and 4: transferor and price

   The transferor gives their address after settlement and the sale price (including GST if applicable), broken into cash, vendor terms, assumption of liabilities and other, separately for the property and any water allocation.

5. 5

   Part B, Items 5 and 6: property and transaction

   Describe the property (lot and plan, street address, what is included, current land use, any water allocation), answer the safety switch and smoke alarm questions, then the transaction questions: written agreement and its date, related or associated parties, consideration below unencumbered value, related dutiable transactions, GST and the margin scheme, and whether any transferor is a non-Australian entity.

6. 6

   Use the guide and mark boxes clearly

   Mark YES, NO or N/A boxes with an 'X' and read Titles Queensland's Guide for completion for each item. If there is not enough space, write 'See Enlarged Panel' and continue on a Form 20 Enlarged Panel with the same title reference and item heading. Print one-sided only.

• Lodge Form 24 with the Form 1 Transfer it relates to; it is not lodged separately. Do not lodge the Guide for completion with it (LTPM [24-2010]).
• A Form 1 Transfer is a required instrument for industry professionals under the eConveyancing mandate, so most transfers are lodged electronically, with the property information entered in the electronic Form 24 in the lodgment network. This paper form is for transfers lodged on paper, for example by a self-represented party or under a mandate exemption (an Exemption Request Form must be included where a professional relies on an exemption).
• Paper lodgement is by post to Titles Queensland, GPO Box 1401, Brisbane Qld 4001. Titles Queensland also offers a combined Form 1 and Form 24 document.
• If information is later found to be wrong or missing, correct it by statutory declaration (or, from a lawyer, a signed letter on the firm's letterhead) to Titles Queensland or the State Valuation Service; a new Form 24 may also be deposited (LTPM [24-2030]).

• The transferee completes Items 1 and 2 and the transferor completes Items 3 to 6. Make sure both parts are filled in before settlement, since both are needed for lodgement.
• Check the foreign person definition in the Guide for completion carefully: it follows the Foreign Ownership of Land Register Act 1988 and the Duties Act 2001 and can catch companies and trusts as well as individuals.
• The Titles Registry rules for initialling alterations and minor corrections (LTPM [59-2040]) do not apply to Form 24; if in doubt, prepare a fresh form.