(1) This section applies to interest from the investment of any amount paid to the credit of the trust account under this part.
(2) The director-general must pay the interest into the interest trust account or the ACAT trust account.
Note The ACT Civil and Administrative Tribunal Act 2008
, s 115C sets out how amounts paid into the ACAT trust account may be used.
(3) The director-general may transfer amounts from the interest trust account to the ACAT trust account.
(4) Interest paid into the interest trust account may be applied for the following purposes:
(a) providing lessor and tenant information programs;
(b) providing dispute resolution services for residential tenancy disputes;
(c) facilitating assistance in the provision of residential accommodation, whether or not the accommodation is provided under this Act;
(d) researching issues of concern to lessors and tenants;
(e) reimbursing the costs incurred by the commissioner in instituting, defending or taking over proceedings in relation to tenancy disputes;
(f) reimbursing the Territory the cost of administering this Act.
(5) In this section:
"interest"—see the Financial Management Act 1996
, dictionary .
"interest trust account" means the trust bank account maintained by the director-general of the administrative unit responsible for administering this Act in accordance with the Financial Management Act 1996