VIC: Residential tenancies Act Section 31 What is the maximum bond?

(1) Subject to this Act, a person must not demand or accept in relation to a residential rental agreement a bond the total of which exceeds—

(a) the amount of rent payable under the residential rental agreement for one month, unless an order is in force under section 33; or

(b) the maximum amount of the bond determined under an order in force under section 33.

Penalty: 60 penalty units. ***** (3) Subsection (1) does not apply to a residential rental agreement if the weekly amount of rent payable under the agreement exceeds the prescribed amount.