Queensland Consolidated Acts Queensland Consolidated Acts(1) This section applies to a lessor who--
(a) receives financial or other assistance from the State to supply rented accommodation to persons; and
(b) enters into a residential tenancy agreement using the assistance; and
(c) receives from the tenant a number of rental bonds for the agreement (the rental bond instalments).
(2) If the lessor has received all the rental bond instalments, the lessor must, within 10 days after receiving the last instalment--
(a) pay the instalments to the authority; and
(b) give the authority a notice, in the approved form, about the instalments.
Maximum penalty--40 penalty units.
(3) If the agreement is terminated before the lessor receives all the rental bond instalments, the lessor must, within 10 days after the termination of the agreement--
(a) pay the instalments received by the lessor to the authority; and
(b) give the authority a notice, in the approved form, about the instalments.
Maximum penalty for subsection (3)--40 penalty units.