Queensland Consolidated Acts
[Index]
[Table]
[Search]
[Search this Act]
[Notes]
[Noteup]
[Previous]
[Next]
[Download]
[Help]
RESIDENTIAL TENANCIES AND ROOMING ACCOMMODATION ACT 2008 - SECT 119
Duty to pay rental bond if financial protection given
119 Duty to pay rental bond if financial protection given
(1) This section applies to a lessor under a residential tenancy agreement, or
a provider under a rooming accommodation agreement, if— (a) financial
protection against a breach of the agreement by the tenant or resident is
given to the lessor or provider (whether by a guarantee or undertaking given
by a financial institution or in another way); and
(b) the financial
protection is not given in the form of a rental bond; and
(c) the maximum
rental bond for the agreement is not paid.
(2) Within 10 days after the
financial protection is given, the lessor, provider or the lessor’s or
provider’s agent must pay to the authority an amount equal to— (a) the
maximum rental bond for the agreement; or
(b) if a rental bond less than the
maximum rental bond has been paid—the difference between the maximum rental
bond and the amount of rental bond actually paid.
Penalty— Maximum
penalty—40 penalty units.
(3) An amount paid, or required to be paid, to
the authority under subsection (2) is taken to be a rental bond.
AustLII: Copyright Policy
| Disclaimers
| Privacy Policy
| Feedback