Purchase Lease

From Knowledge Base

Information sourced directly from Queensland Natural Resources and Water Land Tenure in Queensland

The Purchase Lease (PL) was issued by ballot under the provisions of the Brigalow and Other Lands Development Act 1962 (now repealed) for a term of 40 years. It was used for the development of the brigalow lands of central Queensland. It was part of the brigalow scheme, a joint State and Commonwealth venture with funds being made available by the Commonwealth. Administration of the scheme was undertaken by the corporation of the Land Administration Commission, now the Brigalow Corporation. The scheme made loans available to property owners for development costs and to local governments for road construction. Repayments on PL land are interest-free, and repayments on development loans attract a fixed interest charge. Purchase leases are subject to the same provisions as GHFLs. A deed of grant (a freehold title) is issued once the purchase price and any loans have been paid off and the lessee has complied with any conditions attached to the lease.