Victorian Numbered Acts Victorian Numbered Acts(1) A proprietor is only entitled to retain a security deposit if—
(a) the resident has left the supported residential service and an amount of fees has accrued due and is unpaid; or
(b) the proprietor reasonably believes that the proprietor is entitled to an amount of the security deposit as compensation for loss or damage suffered by the proprietor on account of—
(i) damage caused to the supported residential service by the resident or the resident's visitor, other than fair wear and tear; or
(ii) the loss of goods belonging to the proprietor, caused by the resident or the resident's visitor; or
(c) the resident has consented to the proprietor retaining the amount after the proprietor has given the resident a statement setting out—
(i) the deductions; and
(ii) the purpose of the deductions; and
(iii) the remaining balance of the security deposit.
(2) Subsection (1) does not entitle a proprietor to retain any amount of a security deposit in excess of the actual loss or shortfall suffered by the proprietor.