Residential Tenancies Act 1997

A security deposit payable under an occupancy agreement, other than an education provider occupancy agreement, must be deposited with the Territory.

The deposit must be accompanied by a written notice that states—

the names of, and addresses for service on, the occupant and the grantor; and

the amount of security deposit being deposited.

If the Territory accepts the amount of the security deposit, the Territory must—

give the occupant a receipt for the amount; and

give the occupant and grantor a copy of the notice under subsection (2).

If the Territory accepts the security deposit, the applied provisions apply in relation to the occupancy agreement as if—

the amount had been received by the Territory under part 3 (Bonds); and

the occupancy agreement were a residential tenancy agreement; and

the occupant were a tenant under the agreement; and

the grantor were the lessor under the agreement; and

any dispute between the occupant and the grantor about the security deposit were a tenancy dispute; and

any other necessary changes, and any changes prescribed by regulation, were made.

In this section:

section 27 (Payment of bond money into trust account);

section 28 (Interest on amounts in trust account);

division 3.4 (Release of bond money).