Time to clean up: NSW could have its very own container
deposit scheme within months.
Not exact matches
Liquid assets include all the cash or cash equivalents, equity mutual funds (not equity - linked savings
schemes such as a certificate of
deposit that have 3 year lock - in period), equities, debt funds (including short - term gilt funds, monthly income plans other plans except the closed - ended funds) and all other assets which can be redeemed
within 3 - 4 working days.
The first home super saver (FHSS)
scheme allows first home buyers to save a home
deposit within their super fund.
If the court finds that the landlord is in breach then it must order up to three times the amount of the
deposit to be paid to the tenant
within 14 days (s 214 (4)-RRB- as well as ordering the
deposit to be paid either into the custodial
scheme or to the tenant (s 213 (3)-RRB-.
s 213 (3) would require the court to either order the person who appears to the court to be holding the
deposit to repay it to the applicant (s 213 (3)(a)-RRB- or order that the person pay the
deposit into the designated account held by the
scheme administrator under an authorised custodial
scheme (s 213 (3)(b)-RRB-
within 14 days.
(b) order that person to pay the
deposit into the designated account held by the
scheme administrator under an authorised custodial
scheme,
within the period of 14 days beginning with the date of the making of the order.
However, it is clear that where a landlord and tenant enter into two successive tenancy agreements and the landlord retains
deposit monies from one tenancy to the next the landlord will be deemed to have «received» those funds for the purposes of the
scheme and will be liable should he fail to protect them
within 14 days, even where he seeks to argue that the monies were retained as rent in advance (see Piggott v Slaven, Great Grimsby County Court and Saad v Hogan, Brentford County Court, both February 2009).
Within 14 days of receiving a
deposit a landlord must, pursuant to s 213 (3), comply with the initial requirements of one of the authorised
schemes (two being custodial, one insurance backed).
Short Term and Long Term Capital Loss - The major benefit of monthly income plan as compared to fixed
deposit or post office
schemes is that if you face loss in MIP, you can cover it off against the capital gain in the ongoing year or
within next 8 years.
79 DOS 99 Matter of DOS v. Pagano - disclosure of agency relationships; failure to appear at hearing; proper business practices; unauthorized practice of law; unearned commissions; vicarious liability; fraudulent practice; jurisdiction; ex parte hearing may proceed upon proof of proper service; DOS has jurisdiction after expiration of respondents» licenses as acts of misconduct occurred and the proceedings were commenced while the respondents were licensed; licensee fails to timely provide seller client with agency disclosure form prior to entering into listing agreement and fails to timely provide agency disclosure form to buyer upon first substantive contact; broker fails to make it clear for which party he is acting; broker violates 19 NYCRR 175.24 by using exclusive right to sell listing agreement without mandatory definitions of «exclusive right to sell» and «exclusive agency»; broker breaches fiduciary duties to seller clients by misleading them as to buyer's ability to financially consummate the transaction; broker breaches his fiduciary duty to seller by referring seller to the attorney who represented the buyers when he knew or should have known such attorney could not properly protect seller's interests; improper for broker to use listing agreements providing for broker to retain one half of any
deposit if forfeited by buyer as such forfeiture clause could, by its terms, allow broker to retain part of the
deposit when broker did not earn a commission; broker must conduct business under name as it appears on license; broker engaged in the unauthorized practice of law in preparing contracts for purchase and sale of real estate which did not contain a clause making it subject to the approval of the parties» attorneys and were not a form recommended by a joint bar / real estate board committee; broker demonstrated untrustworthiness and incompetency in using sales contract which purported to change the terms of the listing agreement to include a higher commission; broker demonstrated untrustworthiness and incompetency in using contracts of sale which were unclear, ambiguous, vague and incomplete; broker failed to amend purchase agreement to reflect amendment to increase
deposit amount; broker demonstrated untrustworthiness in back - dating purchase agreements; broker demonstrated untrustworthiness in participating in
scheme to have seller hold undisclosed second mortgage and to mislead first mortgagee about the purchaser's financial ability to purchase; broker demonstrated untrustworthiness by claiming unearned commission and filing affidavit of entitlement for unearned commission; DOS fails to establish by substantial evidence that respondent acted as undisclosed dual agent; corporate broker bound by the knowledge acquired by and is responsible for acts committed by its licensees
within the actual or apparent scope of their authority; corporate and individual brokers» licenses revoked, no action taken on application for renewal until proof of payment of sum of $ 2,000.00 plus interests for
deposits unlawfully retained