The Retirement Villages Act 2004
- This Act of parliament governs how Operators of Retirement Villages must inform Residents and Prospective Residents prior to the contractual entry into a Village. View The Act here.
Specific Sections within the Act
- Ingoing Contribution
- Creation of residents rights
- Requirement of resident to be retired
- Termination of residents rights
- Contractual rights of residents
- Arrangement if resident is absent or vacates
- Increase in Recurrent Charges
- Repayment of ingoing contribution
- Meetings of residents and tenants
- Auditing of annual accounts
- Residents and tenants commitees
- Documents to be supplied to residents and tenants
- Application of village rules
Checklist of your rights prior to entering into a contract.
The Checklist is found here