Western Australian Numbered Acts Western Australian Numbered Acts (1) In
section 27(1):
(a)
delete “or prospective tenant”;
(b)
delete “consideration for or in relation to entering into, renewing,
extending or continuing” and insert:
amount for or in
relation to
(c)
delete the Penalty and insert:
Penalty: a fine of $5 000.
(2) Delete
section 27(2)(a) and insert:
(a) any
amount, not exceeding a prescribed amount, required or received as
consideration for an option to enter into a residential tenancy agreement
if —
(i)
upon the option being exercised, the amount is refunded
in cash or applied towards the rent payable under the agreement; or
(ii)
upon the option being refused, and within 7 days of the
decision to refuse the option, the amount is refunded in cash, by electronic
means or in any other prescribed way;
and