Western Australian Current Acts Western Australian Current Acts (1) This section
applies to a park operator or real estate agent who, on commencement day,
holds an amount deposited in a tenancy bond account under former
section 22(1)(b) or (2).
(2) The park operator
or real estate agent must take all reasonable steps to ensure that the amount
is transferred to the bond administrator under amended section 22 or paid to
the long-stay tenant —
(a) if
the long-stay agreement for which the security bond is paid is renewed or the
security bond is increased under amended section 24 within 18 months after
commencement day — as soon as practicable after the renewal or increase;
or
(b) in
any other case — within 18 months after commencement day.
Penalty for this subsection: a fine of $5 000.
[Section 101 inserted: No. 28 of 2020 s. 84.]