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Building Act 2004
127VInterest on amounts in trust account
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127V Interest on amounts in trust account
(1) This section applies to interest from the investment of any amount
paid to the credit of the dispute resolution trust account under this
part.
(2) The director-general must pay the interest into the dispute resolution
trust account.
(3) Interest paid into the dispute resolution trust account may be applied
for the following purposes:
(a) providing dispute resolution services for residential building
matter disputes;
(b) reimbursing the costs incurred by the administrator in
instituting, defending or taking over proceedings in relation to
residential building matter disputes;
(c) reimbursing the Territory the cost of administering this part;
(d) any other purpose prescribed by regulation.
Building inspectors Division 7.1