Where must a residential tenancy bond be lodged in South Australia?
Correct Answer
C) With the Commissioner through Consumer and Business Services
Under the Residential Tenancies Act 1995, all tenancy bonds must be lodged with Consumer and Business Services (CBS) within the prescribed timeframe after receipt.
Why This Is the Correct Answer
Under s 62 of the Residential Tenancies Act 1995 (SA), a person who receives a bond must pay it to the Commissioner, through CBS, within the time allowed by regulation. The Commissioner holds it until it is paid out.
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