New South Wales Consolidated Acts

LANDLORD AND TENANT (RENTAL BONDS) ACT 1977 - SECT 19

19 Rental Bond Account

(1) There shall be paid into the Rental Bond Account all rental bonds deposited with the Board in accordance with section 8.

(2) There shall be paid from the Rental Bond Account:

(a) rental bonds authorised to be paid out under section 11,

(b) any money that the Board is authorised to invest under subsection (3) for the purpose of that investment, and

(c) any other payments authorised by this Act to be made from that account.

(3) Subject to any specific or general direction given by the Minister, the Board may invest money from the Rental Bond Account:

(c) in securities authorised by law for the investment of trust funds, or

(d) in any other manner prescribed for the purposes of this section.