Additional amounts (1) The Minister may from time to time make a declaration under this section providing for the payment of an amount or amounts in respect of bonds.
(2) Before making a declaration under this section, the Minister must obtain a report of an actuary on the Residential Tenancies Fund.
(3) The Minister must not make a declaration under this section except in accordance with the recommendations contained in a report under subsection (2).
(4) A declaration made under this section—
(a) must be made by a notice published in the Government Gazette; and
(b) may provide for the payment of amounts in respect of bonds of a specified class or classes calculated at a specified rate and in respect of a specified period.
(5) If a declaration has been made under this section, then the amount or amounts determined from time to time in accordance with that declaration in respect of a bond must be added to the bond when it is paid out under Division 3.
(6) An amount or amounts to be added to a bond pursuant to subsection (5) must be retained in the Residential Bonds Investment Income Account until paid out under Division 3.
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