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131: Corporation may borrow
or “The government's housing group used to be allowed to borrow money, but this rule was changed.”

You could also call this:

“Money in the Residential Tenancies Trust Account can't be taken without the boss's okay.”

You cannot take money from the Residential Tenancies Trust Account through legal processes like garnishment or other forms of execution. This means that no one can force the account to pay out money through court orders or similar legal actions. If someone wants to get money from this account through these methods, they need to get written permission from the chief executive first.

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Next up: 133: Tribunal or chief executive may require terms of tenancy agreements

or “People in charge can ask landlords to show them the rules for renting houses.”

Part 4 Administration
Residential Tenancies Trust Account

132No execution

  1. No money from time to time standing to the credit of the Residential Tenancies Trust Account shall be taken in or be subject to execution, whether by way of garnishee or otherwise, without the written consent of the chief executive.

Notes
  • Section 132: replaced, on , by section 16 of the Residential Tenancies Amendment Act 1992 (1992 No 79).