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RESIDENTIAL TENANCIES ACT 1997 - SECT 410B

Payment of substitute bond


S. 410B(1) amended by Nos 45/2018 s. 284(1), 40/2022 s. 60(36)(a).

    (1)     A renter under a residential rental agreement may substitute an amount of bond paid by the renter and held by the Authority in relation to that residential rental agreement with an equivalent amount of bond paid on behalf of the renter by Homes Victoria or an agent of Homes Victoria (whether in the form of a Homes Victoria voucher or otherwise).

S. 410B(2) amended by No. 45/2018 s. 284(2)(a).

    (2)     For the purposes of subsection (1), a renter must—

        (a)     complete and sign a bond substitution form containing the prescribed information; and

S. 410B(2)(b) amended by No. 45/2018 s. 284(2)(b).

        (b)     give the substitute bond to the Authority, in the form approved by the Authority, together with the completed bond substitution form.

    (3)     The Authority, within 7 days after receiving a substitute bond, must give a receipt to—

S. 410B(3)(a) amended by No. 45/2018 s. 284(3)(a)(b).

        (a)     the residential rental provider under the residential rental agreement; and

S. 410B(3)(b) amended by No. 45/2018 s. 284(3)(c).

        (b)     the renter; and

S. 410B(3)(c) substituted by No. 40/2022 s. 60(36)(b).

        (c)     Homes Victoria.

    (4)     A receipt under subsection (3) must—

        (a)     confirm that a bond substitution has been effected; and

        (b)     specify the amount of bond substituted; and

        (c)     contain the prescribed information.

    (5)     The receipt may be given in the manner determined by the Authority.

Note to s. 410B inserted by No. 45/2018 s. 284(4).

Note

Section 506(1)(da) provides that a document to be served on or given to a person under this Act may be served or given by electronic communication in accordance with the  Electronic Transactions (Victoria) Act 2000 .

Pt 10 Div. 3 (Heading) substituted by No. 45/2018 s. 285.

Division 3—Repayment of bonds


S. 411 amended by Nos 93/2003 s. 8, 47/2012 s. 17, substituted by No. 45/2018 s. 286 (as amended by No. 47/2019 s. 85).



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