Queensland Consolidated Acts

RESIDENTIAL TENANCIES AND ROOMING ACCOMMODATION ACT 2008 - SECT 573

573 Transfer of value of current investments into rental bond account

(1) As soon as practicable after the commencement, the authority must transfer, into the rental bond account, an amount equal to the market value of its current investments.

(2) In this section—

"agreed valuation time" means the time, on 30 June 2022, agreed between the Treasurer and the authority for the purpose of making a valuation under this section.

"current investments" means the investments, held by the authority at the agreed valuation time, that were made from the rental bond account.

"investment" means an amount invested under the Statutory Bodies Financial Arrangements Act 1982.

"market value" , of the current investments, means the value of the investments, as at the agreed valuation time, determined in a way agreed between the Treasurer and the authority.