In anticipation of upcoming legislative reforms, Queensland’s primary real estate association has teamed up with property technology provider Securexchange to deliver a digital tool that simplifies adherence to new disclosure rules. The platform’s launch supports the transition to the Property Law Act 2023, which will take effect across the state in August 2025.
The incoming legislation represents a major overhaul of property laws that have been in place since 1974. It establishes mandatory information-sharing obligations for vendors involved in both residential and commercial property transactions throughout Queensland.
Under the revised framework, real estate professionals will need to supply prospective purchasers with a detailed disclosure summary and a series of specified documents before any contract for sale is signed. These requirements are designed to provide greater transparency and standardise the information available to buyers during the early stages of a property transaction. Once the law is enacted, buyers will gain new rights to withdraw from a contract at any point prior to settlement if the seller fails to deliver the necessary disclosure documents accurately or in full. These changes are intended to improve consumer confidence and accountability in Queensland’s property market.
In preparation for the upcoming legislative reforms, the Real Estate Institute of Queensland (REIQ) has announced a new alliance with digital property platform Securexchange. This collaboration aims to simplify the disclosure process for agents across the state by integrating technology into routine sales practices.Together, the REIQ and Securexchange have introduced the Seller Disclosure Tool, a digital solution designed to assist real estate professionals in meeting the new legal requirements. The tool automates the collection of property data and generates the required documents, reducing the need for manual input and administrative work.
According to the REIQ, the Seller Disclosure Tool equips agents with a reliable and streamlined method for complying with the updated regulations. The system enhances accuracy in document preparation and supports faster turnaround times during property transactions.This innovation is expected to alleviate much of the administrative burden on agents, allowing them to focus more on client service and negotiation. By automating critical steps in the disclosure process, the tool represents a significant efficiency gain in the lead-up to the law’s implementation.
Confidence was shared by the REIQ that the new system will help agents across the state navigate the evolving legal landscape. With the implementation date approaching, the tool is expected to ease the transition by offering a more structured and time-saving approach to meeting disclosure duties. Securexchange’s leader, Alex Antal, highlighted that the collaboration allowed the platform to be developed in close alignment with the everyday needs of property agents. Designed to fit smoothly within existing systems, the solution enables professionals to concentrate on guiding buyers and sellers through the property process.
Antal emphasized that robust cybersecurity measures have been integrated into the system from the ground up. These protections help shield sensitive transaction data and client information from digital threats while supporting full compliance with new legal disclosure obligations. From functionality to interface, every aspect of the Seller Disclosure Tool was developed with the agent’s experience in mind. The result is a practical, accessible platform that simplifies complex processes and enhances the overall efficiency of property transactions.