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reg 12F

Property manager must make security bond release application using BondsOnline eTransactions

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Part 3Other matters

12F Property manager must make security bond release application using BondsOnline eTransactions

(1)

If a security bond release application is made by a property manager, the application must be made using BondsOnline eTransactions.

(2)

Subregulation (1) does not apply if —

(a)

the tenant does not have 1 or more of the following —

(i)

a mobile telephone number used exclusively by the tenant;

(ii)

an email address used exclusively by the tenant;

(iii)

internet access to check their email account;

(iv)

competence in the use of a mobile telephone or email;

(v)

a sound understanding of the English language;

or

(b)

the application relates to the disposal of a security bond to an overseas bank account; or

(c)

the application relates to the transfer of a security bond from 1 property to another; or

(d)

the bond administrator has approved the application being made otherwise than by using BondsOnline eTransactions.

[Regulation 12F inserted: SL 2026/4 r. 30.]

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