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Home/Legislation/Residential Tenancies Act 2010/173

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Residential Tenancies Act 2010

173Payment of interest by Secretary on rental bond amounts

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173 Payment of interest by Secretary on rental bond amounts

(1) The Secretary must pay interest on an amount of rental bond paid if the regulations provide for the payment of interest.

(2) The regulations may prescribe the rate and manner of payment of any such interest.

(3) No other interest is payable on an amount of rental bond.

Previous section172Secretary not required to pay excess amount

Next section174Repayment of bond to former co-tenant

Section 173 - Residential Tenancies Act 2010 - Payment of interest by Secretary on rental bond amounts | Zoe