Rental Bond Board Annual Report 2006 – 2007 - NSW Fair Trading ...

Highlights
• Record number and value of rental bonds held in
custody by the Board at 30 June 2007 - 628,153
rental bonds valued at $692.9 million.
• $4.0 million in core service funds provided for
the Tenants Advice and Advocacy Program
(TAAP), which is jointly funded by the Board and
Fair Trading.
The Board
The Board is comprised of the Commissioner for
Fair Trading as Chairperson, representatives of the
Director-General of the Department of Housing and
the Secretary of the Treasury, and two persons with
experience in real estate or tenancy matters
appointed by the Minister for Fair Trading.
Rental Bond Board - Annual Report 2006-2007
• 13% growth in claims for refund of rental bonds
submitted via the Rental Bond Internet Service
(RBIS) - the online rental bond self-service
channel for real estate property managers - and
16% increase in RBIS rental bond inquiries.
The Board is responsible for providing advice to the
Minister, defining policy, considering applications
for funding and monitoring and reviewing the
performance of the custodial services, investments
and funded programs. The Board is required to
meet at least once each quarter.
Rental Bond Board Members Term of appointment Meetings attended
• Lyn Baker, Commissioner Ex officio 5 meetings
for Fair Trading - Chairperson
• Deputy: Mr Michael Silk 1 meeting
Executive Director, Fair Trading Services
• Director-General Ex officio
Department of Housing
• Deputy: Mr Andrew Larkin (to 27/10/06) 1 meeting
Director, Centre for Affordable Housing
• Deputy: Ms Helen O'Loughlin (from 27/10/06) 5 meetings
Acting Director, Centre for Affordable Housing
• Secretary, NSW Treasury Ex officio
• Deputy: Mr Brian Waddington 6 meetings
Principal Financial Analyst
• Ms Michelle Jones Ministerial appointment 6 meetings
Tenants' Union of NSW (15/08/06 - 30/06/07)
• Ms Sandra McGee Ministerial appointment 5 meetings
Real Estate Institute of NSW (15/08/06 - 30/06/07)
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