VIC: Residential Tenancies Act Section 436 Residential Bonds Investment Income Account

Residential Bonds Investment Income Account

(1) The Authority must establish an account to be called the Residential Bonds Investment Income Account.

(2) There must be paid into the Residential Bonds Investment Income Account any amount of interest received on the investment of the Residential Bonds Account and the Residential Bonds Investment Income Account.

(2A) Any loss from an investment of the Residential Bonds Account and the Residential Bonds Investment Income Account must be deducted from or otherwise adjusted in the Residential Bonds Investment Income Account. (3) The Authority must pay out of the Residential Bonds Investment Income Account—

(a) any amount required for the administration of this Part; and

(b) any amount authorised by or under this Act to be paid out of the Residential Bonds Investment Income Account.