On March 17 2022, changes to how the RTA manages bond money and the interest it earns on it were tabled in parliament as part of the State Penalties Enforcement (Modernisation) Amendment Bill 2022.
In response, we have made a submission to the Economics and Governance Committee stating that we strongly oppose the proposed amendments to the Residential Tenancies and Rooming Accommodation Act 2008. The proposed amendments will result in undermining a legacy that should be provided to tenants, they remove the autonomy of the industry regulator and a self-funded model which makes financial sense. As a result of this submission, we have been asked to appear as a witness at the Public Hearing of the Bill on Tuesday 19 April 2022.
You can read the full submission here