Residential Tenancies Act 1997

This section applies if a lessor or tenant makes a bond release application, to the Territory, in relation to a residential tenancy agreement that is in accordance with an order of the ACAT stating an amount of money is to be paid from an amount of bond.

On receiving the application, the Territory must—

give written notice of the application (a notice of application) to the party to the agreement who did not make the application; and

pay out of the trust account an amount of bond in accordance with the application.

The amount paid out of the trust account must not exceed the amount of bond paid into the trust account in relation to the residential tenancy agreement.