Queensland Consolidated Acts Queensland Consolidated Acts(1) A tenancy guarantee, for a residential tenancy agreement between a lessor and tenant, is an undertaking by the department to pay up to a stated amount to the lessor if--
(a) loss or expense is incurred by the lessor because of a breach of the agreement by the tenant; and
(b) the amount of any rental bond provided by the tenant is not sufficient to cover the amount owing to the lessor for the breach.
(2) A tenancy guarantee is not--
(a) a rental bond; or
(b) financial protection under section 60; or
(c) an amount for entering into, extending or continuing an agreement under section 95A.