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