Fines for failing to lodge tenancy bonds - Real estate industry bulletin 275
26 February 2024
Fines for failing to lodge tenancy bonds
Two recent cases at the State Administrative Tribunal (SAT) serve as a timely reminder regarding the importance of lodging tenancy bonds within the required time frame.
A Welshpool real estate agency and its director have been fined and reprimanded over failing to lodge $32,380 in tenancy bonds with the Bond Administrator within the 14 day timeframe.