Question - Finance

1. How much interest was earned from the investment of the amount paid to the credit of the Rental Bond Account in the 2024–2025 financial year.
2. Can the Minister provide a breakdown of how interest earned on the Rental Bond Account was expended in the 2024–2025 financial year, as required under the Residential Tenancies Act 1997 (the Act), including how much was allocated to (a) the ACAT trust account, (b) lessor and tenant information programs, (c) dispute resolution services for residential tenancy disputes, (d) assistance programs to support the provision of residential accommodation, (e) research into rental-housing issues, (f) reimbursement of costs incurred by the Commissioner in tenancy proceedings, and (g) reimbursement to the Territory for administration of the Act.
3. How does the Government determine the allocation of interest income across the permitted categories under the Act referred to in part (2).
4. Is there a public framework, formula, or annual reporting obligation guiding the process referred to in part (3).
5. Will the Government commit to publishing an annual public report on the operation of the Rental Bond Account.
    

Please see attached PDF for a copy of the answer to question on notice No 739.