expired period determination means a
determination made under subsection (2) ;
forfeit determination means a
determination made under subsection (3) .
(2) The Authority may determine in relation to a security deposit or
part of a security deposit held by it that at least 6 years have elapsed since
the end of the residential tenancy agreement.
(3) In accordance with this section and after making an expired period
determination, the Authority may further determine that the security deposit
or the part of a security deposit held by it is forfeited to the Authority.
(4) If no claim form has been lodged with the Authority, it may make a
forfeit determination in respect of a security deposit held by it any time
after the expired period determination is made.
(5) If a claim form has been lodged with the Authority –
(a) in a case where a disbursement has been made from the security deposit
before the expired period determination is made, the Authority may make a
forfeit determination in respect of that part of the security deposit held by
it any time after the expired period determination is made; or
(b) in any other case, the Authority may make a forfeit determination in
respect of that part of the security deposit held by it after all
disbursements resulting from that claim are made in accordance with this Act.
(6) On the making of a forfeit determination, the security deposit, or
that part of a security deposit, in respect of which that determination is
made is forfeited to and becomes the property of the Authority.
