Page 438 - Week 01 - Thursday, 16 February 2012
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(1) In relation to bond money lodged under the Residential Tenancies Act 1997 by tenants, how much money was located in the trust account mentioned in section 27(1) of the Act at the end of the (a) 2008-09, (b) 2009-10 and (c) 2010-11 financial years.
(2) How much interest was earned on the trust account referred to in part (1) in the last three financial years.
(3) How much interest was paid into the interest trust account mentioned in section 28(4) in each of the three financial years referred to in part (1).
(4) How much money was paid out of that interest trust account for each of the six purposes listed in section 28(4) during each of the financial years referred to in part (1).
(5) Which organisations received the money referred to in part (4).
Mr Barr: The answer to the member’s question is as follows:
(1) & (2)
In relation to bond money lodged under the Residential Tenancies Act 1997 by tenants, how much money was located in the trust account mentioned in section 27(1) of the Act at the end of the (a) 2008-09, (b) 2009-10 and (c) 2010-11 financial years and related interest.
|
2008-09 |
2009-10 |
2010-11 | ||||
|
Year-end Position $’000 |
Interest Earned $’000 |
Year-end Position $’000 |
Interest Earned $’000 |
Year-end Position $’000 |
Interest Earned $’000 | |
|
Rental Bonds Trust Fund |
39,643 |
2,278 |
44,027 |
1,887 |
48,966 |
2,679 |
(3) How much interest was paid into the interest trust account mentioned in section 28(4) in each of the three financial years referred to in part (1).
The amount of interest paid into the Rental Bond Interest Holding account during the period from July 2008 to 1 February 2009 was approximately $0.119m. The Rental Bond Interest Holding account has formed part of the ACT Civil & Administrative Tribunal (ACAT) since the ACAT Trust fund was established and commenced operation on 2 February 2009. It is not separately identifiable from other elements of that fund.
(4) How much money was paid out of that interest trust account for each of the six purposes listed in section 28(4) during each of the financial years referred to in part (1).
(5) Which organisations received the money referred to in Part (4)
The amount that was paid out during each of the financial years to various organisations referred to in part (1) and part (4) respectively from the trust fund for each of the six purposes listed in the section 28 (4) of the Residential Tenancies Act 1997 is outlined below:
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