16Tenancy Trust Account

16 Tenancy Trust Account (1) The Minister primarily responsible for the administration of the Agents Licensing Act 1979 may determine that part of the Fund established under that Act, or a proportion of the contributions into that Fund, is to be paid into the Tenancy Trust Account for the purposes of: (a) meeting the costs of administering and enforcing this Act, including the operating costs of the Commissioner; or (b) educating landlords, landlord's agents and tenants about their statutory and contractual rights and obligations; or (c) providing tenants with advisory and legal services (including advocacy).

Residential Tenancies Act 1999 13 (2) The Minister referred to in subsection (1) may only make a determination under that subsection after consulting: (a) organisations that in the opinion of the Minister represent the interests of landlords; and (b) organisations that in the opinion of the Minister represent the interests of tenants; and (c) the Agents Licensing Fidelity Guarantee Fund. (3) The Accountable Officer within the meaning of the Financial Management Act 1995 of the Agency allotted the administration of this Act under an Administrative Arrangements Order must: (a) maintain within his or her Agency Operating Account a fund to be known as the Tenancy Trust Account; and (b) pay an amount into the Tenancy Trust Account in accordance with a determination under subsection (1).