185Rental Bond Account

185 Rental Bond Account

185 Rental Bond Account

(1) There is to be established a Rental Bond Account into which is to be paid—

(a) all rental bonds paid to the Secretary, and

(b) any other money payable to the Account under this or any other Act.

(1A) Amounts credited to the Rental Bond Account are held on trust by the Rental Bond Board.

(2) There is to be paid from the Rental Bond Account—

(a) the amount of any rental bonds payable under this Act, and

(b) money for the purpose of investment of the Account, and

(c) any other money that is payable from the Account under this or any other Act.

s 185: Am 2023 No 9, Sch 1[2].