(1) In section 34(1) of the Principal Act—
(a) for "tenancy agreement" (wherever occurring) substitute "residential rental agreement";
(b) for "tenant" (where twice occurring) substitute "renter".
(2) For the penalty at the foot of section 34(1) of the Principal Act substitute —
"Penalty: 60 penalty units.".
(3) For section 34(2) of the Principal Act substitute —
"(2) An additional bond may be paid in the prescribed manner.
(3) This section does not apply to—
(a) a residential rental agreement for a fixed term of more than 5 years in the form referred to in section 26(1A)(b); or
(b) an additional bond payable in respect of a renter's obligation to restore any modification the renter has made to the rented premises under section 64.".