s. 422 Bonds Investment Income Account in respect of an amount of bond once the Authority has in good faith and in accordance with this Part paid that amount out of those Accounts. (2) Despite subsection (1), the Authority may in its S. 423(2) amended by absolute discretion, pay as compensation to a No. 45/2002 person an amount not exceeding the amount of the s. 76. bond paid out if the Authority is satisfied that the person would have been entitled to a refund if the bond had not been paid out to another person on the fraudulent application of that other person. Division 4—General provisions relating to bonds 424 Notice of assignment or transfer by landlord (1) If a landlord assigns or transfers the landlord's S. 424(1) amended by rights and duties under a tenancy agreement to No. 67/2010 another person, the landlord and the person to s. 151. whom the rights and duties are assigned or transferred must notify the Authority in accordance with this section of that assignment or transfer if a bond has been paid in relation to the tenancy agreement. Penalty: 20 penalty units. (2) A notice under subsection (1) must— (a) contain the prescribed information; and (b) be signed by the landlord and the person to whom the rights and duties are assigned or transferred; and (c) be given to the Authority within 5 days after the assignment or transfer takes effect. (3) The landlord must give the tenant under the S. 424(3) amended by tenancy agreement a copy of the notice under No. 67/2010 subsection (1). s. 151. Penalty: 20 penalty units.
Bonds Investment Income Account in respect of an amount of bond once the Authority has in good faith and in accordance with this Part paid that amount out of those Accounts. S. 423(2) amended by No. 45/2002 s. 76. (2) Despite subsection (1), the Authority may in its absolute discretion, pay as compensation to a person an amount not exceeding the amount of the bond paid out if the Authority is satisfied that the person would have been entitled to a refund if the bond had not been paid out to another person on the fraudulent application of that other person. Division 4—General provisions relating to bonds 424 Notice of assignment or transfer by landlord s. 422 S. 424(1) amended by No. 67/2010 s. 151. (1) If a landlord assigns or transfers the landlord's rights and duties under a tenancy agreement to another person, the landlord and the person to whom the rights and duties are assigned or transferred must notify the Authority in accordance with this section of that assignment or transfer if a bond has been paid in relation to the tenancy agreement. Penalty: 20 penalty units. (2) A notice under subsection (1) must— (a) contain the prescribed information; and (b) be signed by the landlord and the person to whom the rights and duties are assigned or transferred; and (c) be given to the Authority within 5 days after the assignment or transfer takes effect. S. 424(3) amended by No. 67/2010 s. 151. (3) The landlord must give the tenant under the tenancy agreement a copy of the notice under subsection (1). Penalty: 20 penalty units.
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