JUSTICE AND COMMUNITY SAFETY LEGISLATION AMENDMENT ACT 2021 (NO. 3 OF 2021)

Australian Capital Territory Numbered Acts

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JUSTICE AND COMMUNITY SAFETY LEGISLATION AMENDMENT ACT 2021 (NO. 3 OF 2021) - SECT 5

Sections 9 and 10

substitute

9 Use of trust amounts—Act, s 115C

(1) The following purposes in relation to the Agents Act 2003

(the Agents Act ) are prescribed:

(a) promoting education and understanding of the Agents Act

for licensed agents, registered salespeople and the public;

(b) providing dispute resolution services for disputes involving licensed agents or registered salespeople;

(d) researching issues of concern to licensed agents and people using the services of licensed agents, whether or not the issues arise under the Agents Act

;

(e) paying or reimbursing costs, incurred by the commissioner for fair trading on behalf of the Territory, for applications to the ACAT in relation to a licensed agent or registered salesperson;

(f) paying reasonable costs and expenses incurred by an administrator under the Agents Act

, section 143 (Remuneration of administrators);

(g) reimbursing the Territory for the cost of administering the Agents Act

(2) The purposes mentioned in the Residential Tenancies Act 1997

, section 28 (Interest on amounts in trust account) are prescribed.

(3) The following purposes in relation to the Retirement Villages Act 2012

are prescribed:

(a) providing advisory and advocacy services to residents and prospective residents of retirement villages;

(b) reimbursing the Territory for the cost of administering that Act.

(4) In this section:

"compensation fund"—see the Agents Act

, dictionary.