Queensland Consolidated Acts

RESIDENTIAL TENANCIES AND ROOMING ACCOMMODATION ACT 2008 - SECT 574

574 Balancing of rental bond account

(1) After complying with section 573, the authority must notify the Treasurer of the amount by which the balance of the rental bond account (the
"starting balance" ) is more or less than the amount of the rental bonds held by the authority at that time (the
"rental bond liability" ).

(2) If the amount of the starting balance is less than the amount of the rental bond liability, the Treasurer must pay into the rental bond account an amount equal to the difference.

(3) Any payment required under subsection (2) is to be made from the consolidated fund, which is appropriated accordingly.

(4) If the amount of the starting balance is more than the amount of the rental bond liability, the authority must pay an amount equal to the difference from the rental bond account into another account kept by the authority.