sec.151Unclaimed amounts in rental bond account

### sec.151 Unclaimed amounts in rental bond account This section applies if— in order to make a payment out of the rental bond account under division 3 , the authority draws a cheque and gives it to the person entitled to the payment; and the cheque is not presented for payment within 15 months after it is drawn; and it is at least 7 years since the cheque was drawn; and since the end of the time mentioned in paragraph (b) , the person has not received the amount and has not asked the authority to be paid the amount. This section also applies if— the authority has made 1 or more attempts to make a payment out of the rental bond account under division 3 using an electronic payment method; and the payment could not be effected because of incomplete or incorrect information about the intended payee’s bank account or for another reason; and it is at least 7 years since the first attempt; and the person has not received the amount and, since the last attempt, has not asked the authority to be paid the amount. With the Minister’s agreement, the authority may pay an amount mentioned in subsection (1) or (2) out of the rental bond account for— establishing or administering rental advisory services; or establishing schemes for supplying residential accommodation; or researching, or setting up projects about improving, relationships between lessors and tenants and providers and residents; or facilitating the resolution of disputes about agreements by tribunals; or conducting a scheme, or helping another entity to conduct a scheme, to provide housing or a related service. Subsection (3) does not affect a person’s entitlement to be paid an amount mentioned in subsection (1) or (2) . s 151 sub 2022 No. 10 s 9 (sec.151-ssec.1) This section applies if— in order to make a payment out of the rental bond account under division 3 , the authority draws a cheque and gives it to the person entitled to the payment; and the cheque is not presented for payment within 15 months after it is drawn; and it is at least 7 years since the cheque was drawn; and since the end of the time mentioned in paragraph (b) , the person has not received the amount and has not asked the authority to be paid the amount. (sec.151-ssec.2) This section also applies if— the authority has made 1 or more attempts to make a payment out of the rental bond account under division 3 using an electronic payment method; and the payment could not be effected because of incomplete or incorrect information about the intended payee’s bank account or for another reason; and it is at least 7 years since the first attempt; and the person has not received the amount and, since the last attempt, has not asked the authority to be paid the amount. (sec.151-ssec.3) With the Minister’s agreement, the authority may pay an amount mentioned in subsection (1) or (2) out of the rental bond account for— establishing or administering rental advisory services; or establishing schemes for supplying residential accommodation; or researching, or setting up projects about improving, relationships between lessors and tenants and providers and residents; or facilitating the resolution of disputes about agreements by tribunals; or conducting a scheme, or helping another entity to conduct a scheme, to provide housing or a related service. (sec.151-ssec.4) Subsection (3) does not affect a person’s entitlement to be paid an amount mentioned in subsection (1) or (2) . - (a) in order to make a payment out of the rental bond account under division 3 , the authority draws a cheque and gives it to the person entitled to the payment; and - (b) the cheque is not presented for payment within 15 months after it is drawn; and - (c) it is at least 7 years since the cheque was drawn; and - (d) since the end of the time mentioned in paragraph (b) , the person has not received the amount and has not asked the authority to be paid the amount. - (a) the authority has made 1 or more attempts to make a payment out of the rental bond account under division 3 using an electronic payment method; and - (b) the payment could not be effected because of incomplete or incorrect information about the intended payee’s bank account or for another reason; and - (c) it is at least 7 years since the first attempt; and - (d) the person has not received the amount and, since the last attempt, has not asked the authority to be paid the amount. - (a) establishing or administering rental advisory services; or - (b) establishing schemes for supplying residential accommodation; or - (c) researching, or setting up projects about improving, relationships between lessors and tenants and providers and residents; or - (d) facilitating the resolution of disputes about agreements by tribunals; or - (e) conducting a scheme, or helping another entity to conduct a scheme, to provide housing or a related service.