(1) This section applies if—
(a) a person (the new co-tenant ) becomes a new co-tenant under a residential tenancy agreement under section 35C, section 35D or section 35E; and
(b) a bond is held in relation to the agreement; and
(c) 1 or more of the other co-tenants (the other co-tenants ) continue to be a tenant under the agreement.
(2) The new co-tenant must, not more than 14 days after the day they become a co-tenant under the residential tenancy agreement—
(a) pay to the other co-tenants the new co-tenant's share of the bond under the agreement; and
(b) notify the Territory that the new co-tenant has paid their share of the bond.