sec.159Payment of holding deposits

### sec.159 Payment of holding deposits A person may require a prospective tenant to pay, or accept from a prospective tenant, a holding deposit for a tenancy of premises. However, a person must not do either of the following during the option period relating to the payment of a holding deposit by a prospective tenant for the same premises— require another prospective tenant to pay a holding deposit; accept a holding deposit from another prospective tenant. Maximum penalty—20 penalty units. In this section— option period , for an option created by the payment of a holding deposit, means— the period stated in the receipt for the payment as the period in which the option may be exercised; or if a period is not stated—the period ending 48 hours after the receipt is given. (sec.159-ssec.1) A person may require a prospective tenant to pay, or accept from a prospective tenant, a holding deposit for a tenancy of premises. (sec.159-ssec.2) However, a person must not do either of the following during the option period relating to the payment of a holding deposit by a prospective tenant for the same premises— require another prospective tenant to pay a holding deposit; accept a holding deposit from another prospective tenant. Maximum penalty—20 penalty units. (sec.159-ssec.3) In this section— option period , for an option created by the payment of a holding deposit, means— the period stated in the receipt for the payment as the period in which the option may be exercised; or if a period is not stated—the period ending 48 hours after the receipt is given. - (a) require another prospective tenant to pay a holding deposit; - (b) accept a holding deposit from another prospective tenant. - (a) the period stated in the receipt for the payment as the period in which the option may be exercised; or - (b) if a period is not stated—the period ending 48 hours after the receipt is given.