A new Victorian tenant hands the agency a bond cheque made payable to the RTBA, and the bond is being lodged on a paper form. What should the agency do with the cheque?
Correct Answer
D) Send it straight to the RTBA; it need not be banked into trust
CAV's guide says that if a tenant pays the bond by cheque or money order, the agency sends it directly to the RTBA and does not need to deposit it into a trust account. Cash bonds, by contrast, must be deposited into the trust account and then paid to the RTBA by trust cheque.
Why This Is the Correct Answer
A bond cheque goes directly to the RTBA without passing through the trust account.
Why the Other Options Are Wrong
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