Way in which security bond must be paid for Act s. 29(5)
11A Way in which security bond must be paid for Act s. 29(5)
For the purposes of section 29(5) of the Act, this regulation sets out the way in which a security bond must be paid to the bond administrator.
If the premises are not managed by a property manager, the security bond must be paid to the bond administrator in an approved way.
If the premises are managed by a property manager, the security bond must be paid to the bond administrator —
if subregulation (4) applies — in an approved way but not by using BondsOnline eTransactions; or
otherwise — using BondsOnline eTransactions.
This subregulation applies if —
the tenant does not have 1 or more of the following —
a mobile telephone number used exclusively by the tenant;
an email address used exclusively by the tenant;
internet access to check their email account;
competence in the use of a mobile telephone or email;
a sound understanding of the English language;
or
the bond administrator has agreed to the payment being made in accordance with subregulation (3)(a).
For the purposes of this regulation, a security bond is paid in an approved way if it is paid in a way that is —
approved under subregulation (6); and
published under subregulation (7).
The bond administrator may approve ways (including electronic ways) of making payment for the purposes of this regulation.
The bond administrator must ensure that a list of the ways of making payment approved under subregulation (6) is published on the Department’s website.
[Regulation 11A inserted: SL 2026/4 r. 28.]
The statute text is free to read above. View Pro plans to unlock the case-law research tools for each provision.