Retail Lease Security Bonds

From January 1 security bonds now have to be paid over to the government. As a result it will become more difficult for landlords to make a claim against the bond. Landlords will have to make written application detailing their claim against the bond.
Tenants will be entitled to dispute the claim, with disputes ultimately being resolved before a tribunal. This is a significant departure from the old system.
In New South Wales, landlords are required by March 31 to deposit all tenants’ security bonds with the Director-General of the Department of State and Regional Development regardless of when the tenancy commenced.
Also landlords will be required to advise tenants in advance how promotional/advertising levies will be spent.
NSW - Retail Leases Amendment Act 2005

From Bruce 9:08 AM