Victorian Numbered Acts

RESIDENTIAL TENANCIES AMENDMENT ACT 2012 (NO. 47 OF 2012) - SECT 16

After section 410A of the Residential Tenancies Act 1997 insert —

    " 410B     Payment of substitute bond

    (1)     A tenant under a tenancy agreement may substitute an amount of bond paid by the tenant and held by the Authority in relation to that tenancy agreement with an equivalent amount of bond paid on behalf of the tenant by the Director of Housing or an agent of the Director of Housing (whether in the form of a Director of Housing voucher or otherwise).

    (2)     For the purposes of subsection (1), a tenant must—

        (a)     complete and sign a bond substitution form containing the prescribed information; and

        (b)     give the substitute bond to the Authority together with the completed bond substitution form.

    (3)     The Authority, within 7 days after receiving a substitute bond, must give a receipt to—

        (a)     the landlord under the tenancy agreement; and

        (b)     the tenant; and

        (c)     the Director of Housing.

    (4)     A receipt under subsection (3) must—

        (a)     confirm that a bond substitution has been effected; and

        (b)     specify the amount of bond substituted; and

        (c)     contain the prescribed information.

    (5)     The receipt may be given in the manner determined by the Authority.".