Section 186 — Residential Tenancies Act 2010 (NSW)

(1) There is to be established a Rental Bond Interest Account into which is to be paid—
(a) all income from any investment of the Rental Bond Account, and
(b) the income from any investment of the Rental Bond Interest Account, and
(c) any other money payable to the Rental Bond Interest Account under this or any other Act.
(2) There is to be paid from the Rental Bond Interest Account—
(a) money for the purpose of investment of the Rental Bond Interest Account, and
(b) the costs of, or expenses incurred in, administering this Act, and
(c) half the costs of, or expenses incurred in, administering residential and social housing matters in the Consumer and Commercial Division of the Tribunal, and
(d) grants or loans for the purposes set out in subsection (3), and
(e) any other money that is payable from the Rental Bond Interest Account or the Rental Bond Account under this or any other Act.
(3) The Secretary may make a grant or loan, on the recommendation of the Board and with the approval of the Minister, from the Rental Bond Interest Account for the following purposes—
(a) establishing and administering tenancy advisory services,
(b) schemes for the provision of residential accommodation,
(c) education about tenancy laws and the rights and obligations of landlords and tenants,
(d) research into matters relevant to the relationship of landlord and tenant,
(e) other activities for the benefit of landlords and tenants,
(f) other consumer protection purposes.
(4) In this section—
residential and social housing matters in the Consumer and Commercial Division of the Tribunal means matters relating to the exercise of the functions of the Tribunal in that Division under the Residential Parks Act 1998, Residential Tenancies Act 2010 or Retirement Villages Act 1999.

Related sections

• s 183 — Guarantees etc by Board
• s 184 — Finance
• s 185 — Rental Bond Account
• s 186A — Regulations may establish rental bond roll-over scheme
• s 187 — Orders that may be made by Tribunal
• s 188 — General order-making power of Tribunal

Research how courts apply s 186

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