Victorian Numbered Acts

SUPPORTED RESIDENTIAL SERVICES (PRIVATE PROPRIETORS) ACT 2010 (NO. 49 OF 2010) - SECT 95

Within 7 days of receiving a security deposit, an establishment fee, a fee paid in advance in accordance with section 91(2) or a reservation fee in respect of a resident, a proprietor must place the security deposit, reservation fee, establishment fee or fee paid in advance into a trust account held at an ADI.

Penalty:     120 penalty units, in the case of a natural person;

600 penalty units, in the case of a body corporate.

Note

The Interpretation of Legislation Act 1984 provides that an "ADI" means an authorised deposit-taking institution within the meaning of the Banking Act 1959 of the Commonwealth.