SCHEDULE 2A - Security Deposit SCHEDULE 2A - Security Deposit Transitional

[Schedule 2A Inserted by No. 59 of 2005, s. 14, Applied:01 Jul 2009] [Schedule 2A Substituted by No. 35 of 2011, s. 12, Applied:01 Jan 2012]

Section 67A

1.   Retained security deposit to be paid to Authority

(1) In this clause –

2005 commencement date means the day on which the Residential Tenancy Amendment Act 2005 commenced;

2011 commencement day means the day on which section 12 of the Residential Tenancy Amendment Act 2011 commences;

pre-existing residential tenancy agreement means a residential tenancy agreement that was in force immediately before the 2005 commencement day.

(2) This clause applies to a security deposit that –

(a) was held by an owner in respect of a pre-existing residential tenancy agreement immediately before the 2005 commencement day; and

(b) is still held by the owner immediately before the 2011 commencement day.

(3) An owner who holds a security deposit to which this clause applies must deposit that money with the Authority within 40 working days after the 2011 commencement day unless the pre-existing residential tenancy agreement is earlier terminated.

Penalty:  Fine not exceeding 50 penalty units.