sec.160Receipts for holding deposits

### sec.160 Receipts for holding deposits A person receiving a holding deposit must give a receipt for the deposit as required by this section. Maximum penalty—10 penalty units. The receipt must— be given to the person paying the deposit when the deposit is received; and be signed by the person receiving the deposit. The receipt must state the following— the name of the person receiving the deposit; the tenant’s name and, if the person receiving the deposit is not the lessor, the lessor’s name; the address of the premises for which the deposit is paid; the date the deposit is received; the amount of the deposit; that the payment is a holding deposit; when the option to enter into an agreement may be exercised. (sec.160-ssec.1) A person receiving a holding deposit must give a receipt for the deposit as required by this section. Maximum penalty—10 penalty units. (sec.160-ssec.2) The receipt must— be given to the person paying the deposit when the deposit is received; and be signed by the person receiving the deposit. (sec.160-ssec.3) The receipt must state the following— the name of the person receiving the deposit; the tenant’s name and, if the person receiving the deposit is not the lessor, the lessor’s name; the address of the premises for which the deposit is paid; the date the deposit is received; the amount of the deposit; that the payment is a holding deposit; when the option to enter into an agreement may be exercised. - (a) be given to the person paying the deposit when the deposit is received; and - (b) be signed by the person receiving the deposit. - (a) the name of the person receiving the deposit; - (b) the tenant’s name and, if the person receiving the deposit is not the lessor, the lessor’s name; - (c) the address of the premises for which the deposit is paid; - (d) the date the deposit is received; - (e) the amount of the deposit; - (f) that the payment is a holding deposit; - (g) when the option to enter into an agreement may be exercised.