Queensland Consolidated Acts

RESIDENTIAL TENANCIES AND ROOMING ACCOMMODATION ACT 2008 - SECT 150

150 Rental bond account

(1) The authority must keep a rental bond account.

(2) The account is in addition to other accounts the authority is required or permitted to keep under this or another Act.

(3) The authority must pay into the rental bond account all rental bonds it receives under this Act.

(4) The authority may pay only the following amounts out of the rental bond account—

(a) amounts payable under division 3 ;

(b) amounts paid under section 151 .

Note—

See section 482A in relation to the banking arrangements for the rental bond account.