Queensland Consolidated Acts

RESIDENTIAL TENANCIES AND ROOMING ACCOMMODATION ACT 2008 - SECT 111

111 Meaning of rental bond

(1) A
"rental bond" is an amount—

(a) for a residential tenancy agreement—

(i) paid by or for the tenant under the agreement; and

(ii) intended to be available for the financial protection of the lessor against the tenant breaching the agreement; or

(b) for a rooming accommodation agreement—

(i) paid by or for the resident under the agreement; and

(ii) intended to be available for the financial protection of the provider against the resident breaching the agreement.

(2) However, a
"rental bond" does not include rent paid in advance.

(3) In deciding whether an amount is a rental bond, it does not matter—

(a) when the amount is paid; or

(b) if the amount is paid directly to the authority; or

(c) to or by whom the amount is paid; or

(d) how the amount is described in the residential tenancy agreement or rooming accommodation agreement about the payment of the amount.

(4) A
"rental bond" includes a part of a rental bond.