Victorian Current Acts

RESIDENTIAL TENANCIES ACT 1997 - SECT 498AB

    (1)     The Director must establish a trust account to be called the "Rent Special Account".

    (2)     There must be paid into the Rent Special Account all money paid under an order of the Tribunal authorising the payment of rent or hiring charges into that Account.

    (3)     Money in the Rent Special Account may be paid out only in accordance with section 77, 134, 193 or 206ZZAF.

    (4)     There must be paid into the Residential Tenancies Fund any amount of interest received on the investment of the Rent Special Account.

    (5)     The Director must open and maintain accounts at an ADI for the purposes of the Rent Special Account.

Pt 12 Div. 4 (Heading and ss 498AC – 498AI) inserted by No. 45/2018 s. 321.

Division 4—Pecuniary penalties

S. 498AC inserted by No. 45/2018 s. 321.