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RESIDENTIAL TENANCIES AND ROOMING ACCOMMODATION ACT 2008 - SECT 86
Payment of rent by electronic transaction
86 Payment of rent by electronic transaction
(1) This section applies— (a) if a tenant effects an electronic transaction
to pay rent to the account of the lessor or lessor’s agent on a day; and
(b) does not take any action to defer the payment to the lessor’s or lessors
agent’s account to a later day.
(2) Payment is taken to be received by the
lessor or lessor’s agent on the day the tenant effects the electronic
transaction.
(3) Subsection (2) applies even if, because of circumstances
beyond the tenant’s control, the payment to the lessor’s or lessors
agent’s account happens on a later day. Example— The tenant uses BPay to
authorise payment of rent to be debited to the tenant’s account on a
Wednesday. However, the financial institution, because of its internal
arrangements, does not actually debit the tenant’s account and credit the
lessor’s or lessors agent’s account until the next day. The rent payment
is taken to have been received by the lessor or lessor’s agent on the
Wednesday.
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