(1) Insert the following heading to section 424 of the Principal Act—
" Notification of assignment or transfer by residential rental provider ".
(2) In section 424(1) of the Principal Act—
(a) for "landlord" (where twice occurring) substitute "residential rental provider";
(b) for "landlord's" substitute "residential rental provider's";
(c) for "tenancy agreement" (where twice occurring) substitute "residential rental agreement".
(3) For the penalty at the foot of section 424(1) of the Principal Act substitute —
"Penalty: 60 penalty units.".
(4) In section 424(2) of the Principal Act—
(a) for "A notice" substitute "A notification";
(b) for paragraph (a) substitute —
"(a) be in a form approved by the Authority; and";
(c) in paragraph (b), for "landlord" substitute "residential rental provider".
(5) For section 424(3) of the Principal Act substitute —
"(3) The residential rental provider must give the renter a copy of the notice under subsection (1).
Penalty: 60 penalty units.".
(6) At the foot of section 424 of the Principal Act insert —
" Note
Section 506(1)(da) provides that a document to be served on or given to a person under this Act may be served or given by electronic communication in accordance with the Electronic Transactions (Victoria) Act 2000 .".