{"id":"nsw:sl-2025-0436","name":"Retirement Villages Regulation 2025","slug":"retirement-villages-regulation-2025","collection":"regulation","jurisdiction":"nsw","status":"in_force","isInForce":true,"actNumber":"436 of 2025","makingDate":null,"administeringDepartment":null,"currentVersion":{"id":173918,"registerId":"nsw-sl-2025-0436-current","compilationNumber":null,"startDate":"2026-04-05","status":"InForce","reasons":null,"registeredAt":null},"sections":[{"sectionNumber":"Part 1","sectionType":"part","heading":"Preliminary","content":"# Part 1 Preliminary\n\nPart 1 Preliminary","sortOrder":0},{"sectionNumber":"1","sectionType":"section","heading":"Name of regulation","content":"#### 1 Name of regulation\n\n1 Name of regulation\n\n> This regulation is the [Retirement Villages Regulation 2025](/view/html/inforce/current/sl-2025-0436).","sortOrder":1},{"sectionNumber":"2","sectionType":"section","heading":"Commencement","content":"#### 2 Commencement\n\n2 Commencement\n\n> This regulation commences on 1 September 2025.\n> \n> Note—\n> \n> This regulation replaces the [Retirement Villages Regulation 2017](/view/html/repealed/current/sl-2017-0485), which is repealed on 1 September 2025 by the [Subordinate Legislation Act 1989](/view/html/inforce/current/act-1989-146), section 10(2).","sortOrder":2},{"sectionNumber":"3","sectionType":"section","heading":"Definitions","content":"#### 3 Definitions\n\n3 Definitions\n\n> In this regulation—\n> \n> asset register—see section 37.\n> \n> ballot, for Schedule 8—see Schedule 8, section 1.\n> \n> capital maintenance report means the report required by section 26.\n> \n> complaint resolution process, for Schedule 9—see Schedule 9, section 1.\n> \n> Department means the department in which the Act is administered.\n> \n> elder abuse, for Schedule 9—see Schedule 9, section 1.\n> \n> internal dispute resolution process, for Schedule 9—see Schedule 9, section 1.\n> \n> major item of capital, for Part 5—see section 24.\n> \n> official notice board means a notice board on the common property of a retirement village.\n> \n> private interest, for Schedule 9—see Schedule 9, section 1.\n> \n> qualified voter, for Schedule 8—see Schedule 8, section 1.\n> \n> relevant village information—see section 57.\n> \n> remaining effective life, for Part 5—see section 24.\n> \n> returning officer, for Schedule 8—see Schedule 8, section 1.\n> \n> safety inspection report means a report made under the Act, section 58A(2)(c).\n> \n> shared item of capital, for Part 5—see section 24.\n> \n> termination notice means a notice under the Act, section 131.\n> \n> the Act means the [Retirement Villages Act 1999](/view/html/inforce/current/act-1999-081).\n> \n> Note—\n> \n> The Act and the [Interpretation Act 1987](/view/html/inforce/current/act-1987-015) contain definitions and other provisions that affect the interpretation and application of this regulation.","sortOrder":3},{"sectionNumber":"4","sectionType":"section","heading":"Definition of “capital maintenance”","content":"#### 4 Definition of “capital maintenance”\n\n4 Definition of “capital maintenance”\n\n> For the Act, section 4(1), definition of capital maintenance, the following are not capital maintenance—\n> \n> > (a) work to substantially improve an item of capital beyond its original condition,\n> \n> > (b) work to maintain or repair an item of capital if it would have been more cost-effective to replace the item.","sortOrder":4},{"sectionNumber":"5","sectionType":"section","heading":"Definition of “item of capital”","content":"#### 5 Definition of “item of capital”\n\n5 Definition of “item of capital”\n\n> For the Act, section 4(1), definition of item of capital, paragraph (d), the following items in a retirement village are items of capital—\n> \n> > (a) fixtures,\n> > \n> > Examples—\n> > \n> > bench tops, built-in cupboards and wardrobes, ducted air-conditioning, floor coverings, hot-water systems and stoves\n> \n> > (b) fittings,\n> > \n> > Examples—\n> > \n> > light fittings, taps and sanitary fittings\n> \n> > (c) furnishings,\n> > \n> > Examples—\n> > \n> > blinds, curtains and fly screens\n> \n> > (d) non-fixed items.\n> > \n> > Examples—\n> > \n> > whitegoods, portable air conditioners, fans, tables and chairs","sortOrder":5},{"sectionNumber":"6","sectionType":"section","heading":"Definition of “operator”","content":"#### 6 Definition of “operator”\n\n6 Definition of “operator”\n\n> > (1) For the Act, section 4(1), definition of operator, paragraph (b), prescribed operators are prescribed as a class of persons.\n> \n> > (2) In this section—\n> > \n> > prescribed operator means a person who is engaged to enter into individual village contracts with the residents of a retirement village by the following—\n> > \n> > > (a) for a retirement village subject to a community land scheme—the relevant community association, neighbourhood association or precinct association,\n> > \n> > > (b) for a retirement village subject to a strata scheme—the owners corporation,\n> > \n> > > (c) for a retirement village subject to a company title scheme—the company that owns the retirement village.","sortOrder":6},{"sectionNumber":"7","sectionType":"section","heading":"Definition of “optional services”","content":"#### 7 Definition of “optional services”\n\n7 Definition of “optional services”\n\n> For the Act, section 4(1), definition of optional services, the following services are prescribed—\n> \n> > (a) hairdressing,\n> \n> > (b) shopping assistance.","sortOrder":7},{"sectionNumber":"8","sectionType":"section","heading":"Definition of “resident”","content":"#### 8 Definition of “resident”\n\n8 Definition of “resident”\n\n> > (1) For the Act, section 4(1), definition of resident, paragraph (c), surviving partners are prescribed as a class of persons.\n> \n> > (2) Subsection (1) does not apply to a surviving partner if compliance with the terms of a deceased resident’s will requires, whether directly or indirectly, the surviving partner to vacate the residential premises.\n> > \n> > Example—\n> > \n> > The deceased resident’s will might provide, for example, for a bequest of a sum of money that the deceased resident’s estate may raise only by delivering vacant possession of the residential premises to the operator of the village so as to obtain a refund of the deceased resident’s ingoing contribution.\n> \n> > (3) In this section—\n> > \n> > surviving partner means a person who—\n> > \n> > > (a) was the spouse or de facto partner of a resident of a retirement village immediately before the resident died or otherwise permanently vacated the premises, and\n> > \n> > > (b) occupied residential premises in the retirement village with the resident, and\n> > \n> > > (c) continues to occupy the premises.","sortOrder":8},{"sectionNumber":"9","sectionType":"section","heading":"Definition of “retirement village”","content":"#### 9 Definition of “retirement village”\n\n9 Definition of “retirement village”\n\n> For the Act, section 5(3)(i), a retirement village does not include premises declared to be a facility under the [Community Welfare Act 1987](/view/html/inforce/current/act-1987-052), section 3A.","sortOrder":9},{"sectionNumber":"Part 2","sectionType":"part","heading":"Representations and information","content":"# Part 2 Representations and information\n\nPart 2 Representations and information","sortOrder":10},{"sectionNumber":"10","sectionType":"section","heading":"Representations in promotional material—the Act, s 17","content":"#### 10 Representations in promotional material—the Act, s 17\n\n10 Representations in promotional material—the Act, s 17\n\n> > (1) For the Act, section 17(5A), the following representations about a retirement village are prescribed—\n> > \n> > > (a) a representation that a person is likely to make a capital gain when vacating the village,\n> > \n> > > (b) a representation about variations to future recurrent charges, unless the village contract provides that recurrent charges must be varied in accordance with a fixed formula,\n> > \n> > > (c) a representation about the future size of the village, except in relation to development where, at the time the representation is made—\n> > > \n> > > > (i) construction is underway, and\n> > > \n> > > > (ii) the completion date is known,\n> > \n> > > (d) a representation about the future ownership of the village, except if—\n> > > \n> > > > (i) a contract to transfer ownership of the village has been entered into, and\n> > > \n> > > > (ii) the representation is made by giving details of the contract,\n> > \n> > > (e) a representation that the village is an approved provider of residential care,\n> > \n> > > (f) a representation that the residents of the village have priority access to residential care by an approved provider.\n> \n> > (2) In this section—\n> > \n> > approved provider means a person approved under the [Aged Care Quality and Safety Commission Act 2018](http://www.legislation.gov.au/) of the Commonwealth, section 63D to provide aged care.\n> > \n> > residential care means residential care under the [Aged Care Act 1997](http://www.legislation.gov.au/) of the Commonwealth.\n> \n> Note—\n> \n> Schedule 9 includes rules about representations in promotional material.","sortOrder":11},{"sectionNumber":"11","sectionType":"section","heading":"General inquiry document—the Act, s 18(2)","content":"#### 11 General inquiry document—the Act, s 18(2)\n\n11 General inquiry document—the Act, s 18(2)\n\n> A general inquiry document must—\n> \n> > (a) be in the form published in Government Gazette No 315 of 1 August 2025, and\n> \n> > (b) contain a copy of the village rules, and\n> \n> > (c) contain a copy of the document Moving into a retirement village? prepared by the Department and published on a website of the Department.","sortOrder":12},{"sectionNumber":"12","sectionType":"section","heading":"Disclosure statement—the Act, s 18(3A)","content":"#### 12 Disclosure statement—the Act, s 18(3A)\n\n12 Disclosure statement—the Act, s 18(3A)\n\n> > (1) A disclosure statement must—\n> > \n> > > (a) be in the form published in Government Gazette No 315 of 1 August 2025, and\n> > \n> > > (b) include the average resident comparison figure (ARCF) for the premises, and\n> > \n> > > (c) contain a copy of the village rules.\n> \n> > (2) For this section, the ARCF is calculated in accordance with the following formula—\n> > \n> > ![](/image/((Type%3D%22subordleg%22)%20AND%20(No%3D0436)%20AND%20(Year%3D2025)%20AND%20(%22Historical%20Document%22%3D0))/g1.gif)  \n> > where—\n> > \n> > RC means the total amount of recurrent charges payable under the village contract over 84 months.\n> > \n> > DF means the departure fee payable by the resident if the premises are permanently vacated after 84 months.\n> > \n> > CG means the capital gain payable to the operator by the resident after 84 months.\n> \n> > (3) If the ARCF requires the calculation of an amount for the future value of the premises or the entry payment payable by the next resident, the amount must be calculated by varying the outgoing resident’s entry payment in accordance with the average annual change in the March quarterly variation for the preceding 10 years of whichever of the following indices published by the Australian Bureau of Statistics is applicable to the location of the premises—\n> > \n> > > (a) Median Price of Established House Transfers (unstratified); Sydney index,\n> > \n> > > (b) Median Price of Established House Transfers (unstratified); Rest of NSW index,\n> > \n> > > (c) Median Price of Attached Dwelling Transfers (unstratified); Sydney index,\n> > \n> > > (d) Median Price of Attached Dwelling Transfers (unstratified); Rest of NSW index.","sortOrder":13},{"sectionNumber":"13","sectionType":"section","heading":"Documents to be available to residents and prospective residents—the Act, s 20","content":"#### 13 Documents to be available to residents and prospective residents—the Act, s 20\n\n13 Documents to be available to residents and prospective residents—the Act, s 20\n\n> For the Act, section 20(1)(k), the following documents are prescribed—\n> \n> > (a) if the operator of the retirement village or the Residents Committee of the retirement village was a party in proceedings before a court or tribunal in the previous 5 years—a copy of the reasons for decision and the orders made at the conclusion of the proceedings,\n> \n> > (b) if the operator of the retirement village keeps a waiting list for the village and charges a waiting list fee—the operator’s policy setting out the way the waiting list operates,\n> \n> > (c) if the retirement village is subject to a company title scheme—\n> > \n> > > (i) the company’s constitution, and\n> > \n> > > (ii) the replaceable rules under the [Corporations Act 2001](http://www.legislation.gov.au/) of the Commonwealth that apply to the company,\n> \n> > (d) if the retirement village is subject to a community land scheme—\n> > \n> > > (i) the management statement for the scheme, and\n> > \n> > > (ii) a management agreement for the village to which the relevant community association, neighbourhood association or precinct association is a party, and\n> > \n> > > (iii) the minutes of the most recent annual general meeting of the relevant community association, neighbourhood association or precinct association,\n> \n> > (e) if the retirement village is subject to a strata scheme—\n> > \n> > > (i) the by-laws for the scheme, and\n> > \n> > > (ii) a management agreement for the village to which the owners corporation is a party, and\n> > \n> > > (iii) the minutes of the most recent annual general meeting of the owners corporation,\n> \n> > (f) the documents listed under the heading “Village Contracts and Documents” in the disclosure statement for the retirement village against the item “other”,\n> \n> > (g) for each insurance policy required under the Act, section 100 for the retirement village—\n> > \n> > > (i) a certificate of currency, and\n> > \n> > > (ii) policy documents that state the nature of the risk insured against and the amount insured,\n> \n> > (h) the retirement village’s most recent safety inspection report,\n> \n> > (i) a list of the currently available residential premises in the retirement village, including the following details for each of the premises—\n> > \n> > > (i) the listed price of the premises,\n> > \n> > > (ii) the size of the premises in square metres,\n> > \n> > > (iii) the number of bedrooms in the premises,\n> \n> > (j) the most recent capital maintenance report for the retirement village.","sortOrder":14},{"sectionNumber":"14","sectionType":"section","heading":"Safety inspection report to be available to residents—the Act, s 58A(2)(e)","content":"#### 14 Safety inspection report to be available to residents—the Act, s 58A(2)(e)\n\n14 Safety inspection report to be available to residents—the Act, s 58A(2)(e)\n\n> The operator of a retirement village must make a copy of the most recent safety inspection report for the village available to a resident within 7 days after the resident requests a copy.","sortOrder":15},{"sectionNumber":"Part 3","sectionType":"part","heading":"Village contracts and village rules","content":"# Part 3 Village contracts and village rules\n\nPart 3 Village contracts and village rules","sortOrder":16},{"sectionNumber":"15","sectionType":"section","heading":"Standard form of village contract—the Act, s 43(1)","content":"#### 15 Standard form of village contract—the Act, s 43(1)\n\n15 Standard form of village contract—the Act, s 43(1)\n\n> > (1) The standard form of village contract is the form set out in Schedule 1.\n> \n> > (2) The standard form of village contract is prescribed for all village contracts other than the following—\n> > \n> > > (a) a contract under which a resident of a retirement village only obtains the right to use a garage, parking space or storage room in the village,\n> > \n> > > (b) a residence contract for premises subject to a community land scheme, company title scheme or strata scheme.\n> > > \n> > > Note—\n> > > \n> > > A service contract relating to premises referred to in subsection (2)(b) must be in the standard form of village contract.\n> \n> > (3) If a contract is required to be in the standard form of village contract, the operator of a retirement village must use the standard form.\n> > \n> > Maximum penalty for subsection (3)—50 penalty units.","sortOrder":17},{"sectionNumber":"16","sectionType":"section","heading":"Current village contract information—the Act, s 69A","content":"#### 16 Current village contract information—the Act, s 69A\n\n16 Current village contract information—the Act, s 69A\n\n> > (1) For the Act, section 69A(7)(a)(viii), the following information is prescribed—\n> > \n> > > (a) the rights of a resident under the Act, Part 10AA to the payment of the resident’s exit entitlement before the resident’s residential premises are sold,\n> > \n> > > (b) information about the cessation of the resident’s liability to pay recurrent charges under the Act, section 152(2)(e).\n> \n> > (2) In this section—\n> > \n> > exit entitlement has the same meaning as in the Act, section 182AA.","sortOrder":18},{"sectionNumber":"17","sectionType":"section","heading":"Matters to be excluded from village contract—the Act, s 42(1)","content":"#### 17 Matters to be excluded from village contract—the Act, s 42(1)\n\n17 Matters to be excluded from village contract—the Act, s 42(1)\n\n> The matters in Schedule 5 must be excluded from a village contract.","sortOrder":19},{"sectionNumber":"18","sectionType":"section","heading":"Condition report—the Act, s 38","content":"#### 18 Condition report—the Act, s 38\n\n18 Condition report—the Act, s 38\n\n> > (1) The operator of a retirement village must ensure that a condition report is completed in accordance with this section.\n> > \n> > Maximum penalty—10 penalty units.\n> \n> > (2) A condition report must be in the form set out in Schedule 2.\n> \n> > (3) A condition report must be completed in the presence of the prospective resident or the prospective resident’s nominee, unless otherwise agreed to in writing by the prospective resident.\n> \n> > (4) If a date required to be included in a condition report is not known, an approximate date must be given and identified as an approximate date.\n> \n> > (5) The person completing a condition report must use due diligence to be satisfied that the report is accurate.\n> \n> > (6) A prospective resident must be given not less than 14 days to consider a draft condition report and request changes to the report.\n> \n> > (7) A finalised condition report must be signed by—\n> > \n> > > (a) the operator of the retirement village, and\n> > \n> > > (b) if the prospective resident agrees with the content of the report—the prospective resident or the prospective resident’s nominee.\n> \n> > (8) A condition report must be finalised and given to a prospective resident, or the prospective resident’s nominee—\n> > \n> > > (a) if the premises are under construction—not less than 14 days before the prospective resident occupies the premises, or\n> > \n> > > (b) otherwise—not less than 14 days before the operator and the prospective resident enter into a village contract.","sortOrder":20},{"sectionNumber":"19","sectionType":"section","heading":"Maximum amount payable for legal and other expenses—the Act, s 31(3)","content":"#### 19 Maximum amount payable for legal and other expenses—the Act, s 31(3)\n\n19 Maximum amount payable for legal and other expenses—the Act, s 31(3)\n\n> The maximum amount payable by a resident for legal and other expenses incurred by the operator in connection with the preparation of a village contract is $50.","sortOrder":21},{"sectionNumber":"20","sectionType":"section","heading":"Village rules—the Act, s 46(2)(i)","content":"#### 20 Village rules—the Act, s 46(2)(i)\n\n20 Village rules—the Act, s 46(2)(i)\n\n> The following are prescribed as matters that may be dealt with in village rules—\n> \n> > (a) security,\n> \n> > (b) the external appearance of residents’ premises,\n> \n> > (c) vehicle speed limits,\n> \n> > (d) restrictions on the use of communal areas, including smoking,\n> \n> > (e) the use of motorised mobility aids in communal areas.","sortOrder":22},{"sectionNumber":"Part 4","sectionType":"part","heading":"Meetings","content":"# Part 4 Meetings\n\nPart 4 Meetings","sortOrder":23},{"sectionNumber":"21","sectionType":"section","heading":"Agenda for annual management meeting—the Act, s 72A(6)","content":"#### 21 Agenda for annual management meeting—the Act, s 72A(6)\n\n21 Agenda for annual management meeting—the Act, s 72A(6)\n\n> The agenda for an annual management meeting must include items and time for the following matters—\n> \n> > (a) a report on variations between actual expenditure and budgeted expenditure in the previous financial year, other than minor variations,\n> \n> > (b) future plans for the village, including proposed improvements to buildings and other facilities in the village,\n> \n> > (c) the management of the village, including changes or proposed changes to management arrangements,\n> \n> > (d) safety issues, including—\n> > \n> > > (i) changes to the security system or contract for the village, and\n> > \n> > > (ii) changes to fire safety and other emergency management and prevention systems,\n> \n> > (e) the asset management plan for the village,\n> \n> > (f) changes to the proposed annual budget not requiring residents’ consent,\n> \n> > (g) proposed capital works not notified in the annual budget,\n> \n> > (h) proposed changes to the level of service provided to residents of the village,\n> \n> > (i) questions, including questions from the floor.","sortOrder":24},{"sectionNumber":"22","sectionType":"section","heading":"Questions at annual management meeting—the Act, s 72B","content":"#### 22 Questions at annual management meeting—the Act, s 72B\n\n22 Questions at annual management meeting—the Act, s 72B\n\n> > (1) For the Act, section 72B(3)(b), the following are excluded matters—\n> > \n> > > (a) the personal affairs of the operator, an employee of the operator or a contractor engaged by the operator,\n> > \n> > > (b) a matter that is unrelated to the operation of the village,\n> > \n> > > (c) the sale of individual units in the retirement village,\n> > \n> > > (d) contracts that are not publicly available,\n> > \n> > > (e) if the operator of a retirement village is an organisation subject to a registered APP code or the Australian Privacy Principles under the [Privacy Act 1988](http://www.legislation.gov.au/) of the Commonwealth—a matter that would result in the operator breaching the code or the principles.\n> \n> > (2) Subsection (1)(a) does not prevent an operator or a representative of the operator from answering a question about the operator’s solvency or financial viability.","sortOrder":25},{"sectionNumber":"23","sectionType":"section","heading":"Appointment of proxy—the Act, s 77(2)","content":"#### 23 Appointment of proxy—the Act, s 77(2)\n\n23 Appointment of proxy—the Act, s 77(2)\n\n> > (1) The appointment of a proxy must be made in the form set out in Schedule 3.\n> \n> > (2) For a meeting of residents, the appointment of a proxy is effective only if the properly completed appointment form is given to the chair of the meeting before the first vote is taken at the meeting.","sortOrder":26},{"sectionNumber":"Part 5","sectionType":"part","heading":"Financial management","content":"# Part 5 Financial management\n\nPart 5 Financial management","sortOrder":27},{"sectionNumber":"Division 1","sectionType":"division","heading":"Preliminary","content":"## Division 1 Preliminary\n\nDivision 1 Preliminary","sortOrder":28},{"sectionNumber":"24","sectionType":"section","heading":"Definitions","content":"#### 24 Definitions\n\n24 Definitions\n\n> In this part—\n> \n> major item of capital means an item of capital, including a shared item of capital, for which the operator of a retirement village is responsible that has a purchase price of $1,000 or more.\n> \n> remaining effective life, of a major item of capital, means the remaining period over which the item may reasonably be expected to be operational or used.\n> \n> shared item of capital means a major item of capital that is also used in the operation of another retirement village or a residential aged care facility.","sortOrder":29},{"sectionNumber":"Division 2","sectionType":"division","heading":"Annual budget","content":"## Division 2 Annual budget\n\nDivision 2 Annual budget","sortOrder":30},{"sectionNumber":"25","sectionType":"section","heading":"Matters that must be dealt with in proposed annual budget—the Act, s 112(3)(a)","content":"#### 25 Matters that must be dealt with in proposed annual budget—the Act, s 112(3)(a)\n\n25 Matters that must be dealt with in proposed annual budget—the Act, s 112(3)(a)\n\n> > (1) The following matters must be dealt with in the proposed annual budget for a retirement village—\n> > \n> > > (a) total proposed expenditure,\n> > \n> > > (b) the expected surplus or deficit,\n> > \n> > > (c) recurrent charges and the method used to calculate the charges,\n> > \n> > > (d) expected increases in recurrent charges, including—\n> > > \n> > > > (i) increases calculated in line with a fixed formula, and\n> > > \n> > > > (ii) increases arising under section 34,\n> > \n> > > (e) the total expected income from recurrent charges,\n> > \n> > > (f) the effect of an expected surplus or deficit on the village’s finances,\n> > \n> > > (g) for each category of expenditure—\n> > > \n> > > > (i) the proposed expenditure, and\n> > > \n> > > > (ii) the proposed expenditure indicated in the approved annual budget for the current year, and\n> > > \n> > > > (iii) the anticipated actual expenditure for the current year,\n> > \n> > > (h) if an item of proposed or actual expenditure is an apportionment relating to more than one retirement village or business—the method of apportionment,\n> > \n> > > (i) if one or more residents of the village are paying significantly higher recurrent charges than other residents, including because they receive optional services—the method of apportionment of the charges.\n> \n> > (2) To avoid doubt, an operator must not, for subsection (1)(g), create a category of expenditure by grouping unrelated categories of expenditure together.\n> \n> > (3) A proposed annual budget that includes costs associated with the operator’s head office, or other management and administration costs, must itemise—\n> > \n> > > (a) the goods and services to which the costs relate, and\n> > \n> > > (b) the approximate cost of each good or service, and\n> > \n> > > (c) if the operator operates more than one retirement village or business—the method used to apportion the costs between the villages or businesses.\n> \n> > (4) Despite subsection (3)(a), an annual budget may provide a breakdown of the goods and services to which the costs relate instead of an itemised list, but only if the operator gives an undertaking that an itemised list will be provided within 10 business days of a request for the itemised list being made by a resident of the village.","sortOrder":31},{"sectionNumber":"26","sectionType":"section","heading":"Capital maintenance report—the Act, s 112(3)(a)","content":"#### 26 Capital maintenance report—the Act, s 112(3)(a)\n\n26 Capital maintenance report—the Act, s 112(3)(a)\n\n> > (1) This section applies to a retirement village operator who is required, under the Act, section 98, to include information about capital maintenance in a proposed annual budget.\n> \n> > (2) An operator must include with the proposed annual budget a capital maintenance report that includes the following, using information from the asset management plan prepared under section 35—\n> > \n> > > (a) the dates proposed for the capital maintenance of each major item of capital during the budget year,\n> > \n> > > (b) the amount of money in the capital works fund,\n> > \n> > > (c) a summary of the capital maintenance of major items of capital proposed for the following 3 years, including a description of the type of maintenance proposed and the estimated cost of the maintenance,\n> > \n> > > (d) a list of the major items of capital—\n> > > \n> > > > (i) with 1 year or less of remaining effective life, or\n> > > \n> > > > (ii) for items other than buildings—for which the accumulated cost of maintenance is 90% or more of the item’s purchase price,\n> > \n> > > (e) for each major item of capital referred to in paragraph (d)—whether it is proposed to replace the item or continue to maintain the item.\n> \n> Note—\n> \n> The Act, section 4(1), definition of capital maintenance includes work carried out to repair or maintain an item of capital.","sortOrder":32},{"sectionNumber":"27","sectionType":"section","heading":"Information to accompany proposed annual budget—the Act, s 112(4)(e)","content":"#### 27 Information to accompany proposed annual budget—the Act, s 112(4)(e)\n\n27 Information to accompany proposed annual budget—the Act, s 112(4)(e)\n\n> > (1) The notice accompanying a proposed annual budget must state that—\n> > \n> > > (a) the operator must provide information reasonably requested by the Residents Committee or, if there is no Residents Committee, a resident about proposed expenditure within 10 business days after the information is requested, and\n> > \n> > > (b) the operator must not spend money received as recurrent charges unless provided for in the approved annual budget, except for—\n> > > \n> > > > (i) minor variations, and\n> > > \n> > > > (ii) other variations between items in the approved annual budget that do not reduce the level of services or increase total expenditure.\n> \n> > (2) If recurrent charges have increased since the previous annual budget and the Act, section 106 applies to the increase, the notice accompanying a proposed annual budget must also state that—\n> > \n> > > (a) the Act, section 112 requires the operator of the village to give each resident a proposed annual budget not less than 60 days before the commencement of the financial year, and\n> > \n> > > (b) the Act, section 114 requires the residents to—\n> > > \n> > > > (i) meet, consider and vote on the proposed annual budget, and\n> > > \n> > > > (ii) advise the operator whether or not they consent to the proposed budget, and\n> > > \n> > > > (iii) if the residents do not consent—specify the items in the proposed budget to which they object, and\n> > \n> > > (c) unless the operator is advised of the residents’ consent to the proposed annual budget, the residents are taken to have refused consent.\n> \n> > (3) If recurrent charges have not increased since the previous annual budget, the notice accompanying a proposed annual budget must state that the residents are taken to have consented to the proposed budget as the recurrent charges have not been increased since the previous annual budget.\n> \n> > (4) If recurrent charges have increased since the previous annual budget and the Act, section 106 does not apply because the increase is in accordance with a fixed formula in the village contract, the notice accompanying a proposed annual budget must state that the residents are taken to have consented to the proposed budget as the increase in the recurrent charges is in accordance with the formula in the village contract.\n> \n> > (5) If recurrent charges have increased since the previous annual budget and the Act, section 106 does not apply because the increase does not exceed the prescribed CPI variation, the notice accompanying a proposed annual budget must state that the residents are taken to have consented to the proposed budget as the increase in the recurrent charges is not more than the increase in the Consumer Price Index.","sortOrder":33},{"sectionNumber":"28","sectionType":"section","heading":"Contingencies—the Act, s 115A","content":"#### 28 Contingencies—the Act, s 115A\n\n28 Contingencies—the Act, s 115A\n\n> The maximum amount a proposed annual budget may allocate for contingencies is $1.","sortOrder":34},{"sectionNumber":"Division 3","sectionType":"division","heading":"Recurrent charges","content":"## Division 3 Recurrent charges\n\nDivision 3 Recurrent charges","sortOrder":35},{"sectionNumber":"29","sectionType":"section","heading":"Notice of variation by fixed formula—the Act, s 105","content":"#### 29 Notice of variation by fixed formula—the Act, s 105\n\n29 Notice of variation by fixed formula—the Act, s 105\n\n> For the Act, section 105(2)(c), the following information is prescribed—\n> \n> > (a) the fixed formula set out in the contract,\n> \n> > (b) a demonstration, by an application of the formula, of the way in which the new recurrent charges have been calculated,\n> \n> > (c) the following statement at the beginning of the notice—\n> > \n> > **This is a notice of a variation of recurrent charges in accordance with a fixed formula.**\n> > \n> > **For more information about your rights and responsibilities under retirement village laws, contact NSW Fair Trading by visiting www.fairtrading.nsw.gov.au or calling 13 32 20.**","sortOrder":36},{"sectionNumber":"30","sectionType":"section","heading":"Notice of variation—no fixed formula and not exceeding CPI—the Act, s 105A","content":"#### 30 Notice of variation—no fixed formula and not exceeding CPI—the Act, s 105A\n\n30 Notice of variation—no fixed formula and not exceeding CPI—the Act, s 105A\n\n> For the Act, section 105A(4)(c), a notice must include the following statement at the beginning of the notice—\n> \n> **This is a notice of a variation of recurrent charges otherwise than in accordance with a fixed formula. The operator does not require the consent of residents as the increase does not exceed the increase in the Consumer Price Index (CPI) since the charges were last increased.**\n> \n> **For more information about your rights and responsibilities under retirement village laws, contact NSW Fair Trading by visiting www.fairtrading.nsw.gov.au or calling 13 32 20.**","sortOrder":37},{"sectionNumber":"31","sectionType":"section","heading":"Notice of variation—no fixed formula and exceeding CPI—the Act, s 106","content":"#### 31 Notice of variation—no fixed formula and exceeding CPI—the Act, s 106\n\n31 Notice of variation—no fixed formula and exceeding CPI—the Act, s 106\n\n> For the Act, section 106(2)(e), a notice must include the following statement at the beginning of the notice—\n> \n> **This is a notice of a variation of recurrent charges otherwise than in accordance with a fixed formula. The increase in recurrent charges—**\n> \n> > (a) **exceeds the increase in the Consumer Price Index (CPI) since the recurrent charges were last increased, and**\n> \n> > (b) **does not take effect until at least 60 days after the date of this notice, and**\n> \n> > (c) **requires the consent of residents or an order of the Civil and Administrative Tribunal to take effect.**\n> \n> **For more information about your rights and responsibilities under retirement village laws, contact NSW Fair Trading by visiting www.fairtrading.nsw.gov.au or calling 13 32 20.**","sortOrder":38},{"sectionNumber":"32","sectionType":"section","heading":"Provision of information about variation of recurrent charges—the Act, s 107","content":"#### 32 Provision of information about variation of recurrent charges—the Act, s 107\n\n32 Provision of information about variation of recurrent charges—the Act, s 107\n\n> > (1) For the Act, section 107(6)(a), the prescribed period is 7 days after the information is first requested.\n> \n> > (2) For the Act, section 107(6)(b), the following information is prescribed—\n> > \n> > > (a) information about the personal affairs of the operator, an employee of the operator or a contractor engaged by the operator,\n> > \n> > > (b) information that is unrelated to the operation of the village,\n> > \n> > > (c) information about the sale of individual units in the retirement village,\n> > \n> > > (d) information about contracts that is not publicly available,\n> > \n> > > (e) if the operator of a retirement village is an organisation subject to a registered APP code or the Australian Privacy Principles under the [Privacy Act 1988](http://www.legislation.gov.au/) of the Commonwealth—information that would result in the operator breaching the code or the principles.","sortOrder":39},{"sectionNumber":"33","sectionType":"section","heading":"Matters that must not be financed by recurrent charges—the Act, s 112(3)(b)","content":"#### 33 Matters that must not be financed by recurrent charges—the Act, s 112(3)(b)\n\n33 Matters that must not be financed by recurrent charges—the Act, s 112(3)(b)\n\n> The following matters must not be financed by recurrent charges—\n> \n> > (a) fees for membership of industrial or professional associations by the operator or an employee or agent of the operator,\n> \n> > (b) fees for the operator’s membership of an industry association,\n> \n> > (c) overseas travel by the operator or an employee or agent of the operator,\n> \n> > (d) costs associated with marketing vacant premises in the retirement village, including the wages or salaries of persons involved in the marketing,\n> \n> > (e) payroll tax, unless—\n> > \n> > > (i) the wages paid by the operator for operating the retirement village to which the recurrent charges relate, including wages apportioned to the retirement village by the operator’s head office, are more than the threshold amount provided for in the [Payroll Tax Act 2007](/view/html/inforce/current/act-2007-021), Schedule 1, clause 1, or\n> > \n> > > (ii) before 1 March 2010, the residents of the retirement village consented to financing payroll tax by recurrent charges and the consent has not been withdrawn,\n> \n> > (f) land tax,\n> \n> > (g) gifts or donations,\n> \n> > (h) costs associated with the operator’s head office, or other management and administration costs, unless the costs are associated with providing services to residents of the retirement village and are included in the annual budget in accordance with section 25(3),\n> \n> > (i) more than 50% of an increase, from the previous year, in the experience premium component of the insurance premium payable by the operator for insurance under the [Workers Compensation Act 1987](/view/html/inforce/current/act-1987-070),\n> \n> > (j) if the retirement village is subject to a strata scheme—\n> > \n> > > (i) costs associated with carrying out works or maintenance required to be carried out by the owners corporation, unless the operator is engaged by the owners corporation to carry out the work, or\n> > \n> > > (ii) levies and other contributions payable by the operator of the retirement village under the [Strata Schemes Management Act 2015](/view/html/inforce/current/act-2015-050) for the scheme, other than levies payable for premises occupied by a resident of the retirement village,\n> \n> > (k) if the retirement village is subject to a community land scheme—\n> > \n> > > (i) costs associated with carrying out works or maintenance required to be carried out by the community association, neighbourhood association or precinct association, unless the operator is engaged by the association to carry out the work, or\n> > \n> > > (ii) levies and other contributions payable by the operator of the retirement village under the [Community Land Management Act 2021](/view/html/inforce/current/act-2021-007) for the scheme, other than levies payable for premises occupied by a resident of the retirement village.","sortOrder":40},{"sectionNumber":"34","sectionType":"section","heading":"Increase in recurrent charges after former occupant’s liability to pay ceases—the Act, s 152","content":"#### 34 Increase in recurrent charges after former occupant’s liability to pay ceases—the Act, s 152\n\n34 Increase in recurrent charges after former occupant’s liability to pay ceases—the Act, s 152\n\n> > (1) For the Act, section 152(3), recurrent charges may be increased if—\n> > \n> > > (a) the increase is part of the approved annual budget for the financial year immediately following the financial year in which the former occupant’s liability ceased, and\n> > \n> > > (b) the approved annual budget specifies—\n> > > \n> > > > (i) the way the increase was calculated, including the total number of former occupants whose liability to pay recurrent charges ceased in the financial year, and\n> > > \n> > > > (ii) that the increase occurred in accordance with this section.\n> \n> > (2) To avoid doubt, the Act, Part 7, Division 4 applies to an increase in the recurrent charges payable by residents of a retirement village under this section.","sortOrder":41},{"sectionNumber":"Division 4","sectionType":"division","heading":"Asset management plans—the Act, s 101A","content":"## Division 4 Asset management plans—the Act, s 101A\n\nDivision 4 Asset management plans—the Act, s 101A","sortOrder":42},{"sectionNumber":"35","sectionType":"section","heading":"Preparation and content of asset management plan","content":"#### 35 Preparation and content of asset management plan\n\n35 Preparation and content of asset management plan\n\n> > (1) The operator of a retirement village must, every 10 years, prepare an asset management plan for the retirement village.\n> \n> > (2) An asset management plan must include—\n> > \n> > > (a) for each major item of capital or group of major items of capital—the following information about capital maintenance financed from recurrent charges or the capital works fund over the period of the plan—\n> > > \n> > > > (i) the estimated cost of the maintenance,\n> > > \n> > > > (ii) the frequency of the maintenance or the planned dates of the maintenance, if known,\n> > > \n> > > > (iii) a description of the planned work, and\n> > \n> > > (b) for a major item of capital that is scheduled to be replaced—the estimated date of replacement, and\n> > \n> > > (c) for a shared major item of capital—an estimate of the share of the maintenance costs attributable to the use of the item by the village, and\n> > \n> > > (d) the asset register.\n> \n> > (3) The operator of a retirement village must attach to the asset management plan for the village a report prepared by an independent qualified quantity surveyor attesting that the plan includes each matter specified in subsection (2).\n> \n> > (4) An asset management plan must be regularly reviewed and updated, including by—\n> > \n> > > (a) recording the following after each instance of maintenance work—\n> > > \n> > > > (i) a description of the work,\n> > > \n> > > > (ii) the dates on which the work occurred,\n> > > \n> > > > (iii) the actual cost of the work,\n> > > \n> > > > (iv) the accumulated cost of maintenance work on the item of capital expressed in dollar terms and as a percentage of the purchase price,\n> > > \n> > > > (v) for a shared item of capital—the share of maintenance costs attributable to the use of the item by the village, and\n> > \n> > > (b) recording the following after each instance of repair work—\n> > > \n> > > > (i) a description of the work,\n> > > \n> > > > (ii) the dates on which the work occurred,\n> > > \n> > > > (iii) the actual cost of the work,\n> > > \n> > > > (iv) the accumulated cost of repair work on the item of capital expressed in dollar terms and as a percentage of the purchase price, and\n> > \n> > > (c) amending the plan for consistency with the operator’s capital maintenance report within 28 days after the annual budget for the village is approved.\n> \n> > (5) For subsection (2), the operator of a retirement village may group major items of capital that—\n> > \n> > > (a) are similar, and\n> > \n> > > (b) have the same effective life and financial year of acquisition as each other.\n> \n> > (6) In this section—\n> > \n> > independent qualified quantity surveyor means a quantity surveyor who—\n> > \n> > > (a) is a member of the Australian Institute of Quantity Surveyors or the Royal Institution of Chartered Surveyors, and\n> > \n> > > (b) does not have a pecuniary or other interest that could be reasonably regarded as capable of affecting the person’s ability to assess the asset management plan of the retirement village in good faith.","sortOrder":43},{"sectionNumber":"36","sectionType":"section","heading":"Revised asset management plans","content":"#### 36 Revised asset management plans\n\n36 Revised asset management plans\n\n> > (1) This section applies if, during the currency of an asset management plan, the operator of the retirement village becomes aware the total cost of capital maintenance for all major items of capital, including shared major items of capital, is likely to increase by 25% or more above the cost estimated at the beginning of the plan.\n> \n> > (2) The operator of the retirement village must, as soon as reasonably practicable after becoming aware of the likely increase in capital maintenance costs—\n> > \n> > > (a) revise the estimates of the capital maintenance costs in the plan, and\n> > \n> > > (b) notify each resident of the retirement village that a copy of the revised asset management plan may be inspected at all reasonable times at the village or at a place of business in New South Wales nominated by the operator in the notice, and\n> > \n> > > (c) attach to the revised plan a notice that contains the following—\n> > > \n> > > > (i) a list of the major items of capital and shared major items of capital for which the estimate of capital maintenance costs has increased,\n> > > \n> > > > (ii) the original and revised estimates of the capital maintenance costs for each item,\n> > > \n> > > > (iii) the reasons for the change in the estimates.\n> \n> > (3) For the Act, section 20(1)(k), a revised asset management plan is prescribed.\n> \n> > (4) For this section, an increase in the cost of capital maintenance must be calculated net of increases in the Consumer Price Index published in each relevant year of the asset management plan.\n> > \n> > Example—\n> > \n> > If the Consumer Price Index has risen by 2.5% each year for the first 5 years of the asset management plan, the cost of maintenance could rise by 36.5% (24% + 12.5%) before the plan must be revised under this section.\n> \n> > (5) This section applies to the revised asset management plan in the same way as it applies to the asset management plan as originally prepared except that the total cost of capital maintenance for all major items of capital is taken to be estimated as at the date on which the plan was revised.","sortOrder":44},{"sectionNumber":"37","sectionType":"section","heading":"Asset register","content":"#### 37 Asset register\n\n37 Asset register\n\n> > (1) The operator of a retirement village must keep a register (an asset register) of the major items of capital for the village.\n> \n> > (2) An asset register must include the following details for each major item of capital—\n> > \n> > > (a) a brief description of the item,\n> > \n> > > (b) the purchase price,\n> > \n> > > (c) the date of purchase,\n> > \n> > > (d) the remaining effective life of the item,\n> > \n> > > (e) the asset ID number of the item,\n> > \n> > > (f) for a shared item of capital—the name of each other retirement village or aged care facility that uses the item.\n> \n> > (3) An asset register must be regularly reviewed and updated, including by recording each new major item of capital within 21 days after purchase.","sortOrder":45},{"sectionNumber":"38","sectionType":"section","heading":"Determining remaining effective life of major item of capital","content":"#### 38 Determining remaining effective life of major item of capital\n\n38 Determining remaining effective life of major item of capital\n\n> > (1) The remaining effective life of a major item of capital may be—\n> > \n> > > (a) estimated by the operator of the retirement village—\n> > > \n> > > > (i) having regard to the reasonable wear and tear expected to result from the circumstances of the use of the major item of capital, and\n> > > \n> > > > (ii) assuming that it will be maintained in reasonably good order and condition, and\n> > > \n> > > > (iii) having regard to the period within which it is likely to be scrapped, sold for no more than scrap value or abandoned, or\n> > \n> > > (b) determined as follows—\n> > > \n> > > > (i) for an item, other than a motor vehicle or trailer, for which there is a description in the Commonwealth Taxation Ruling, Schedule, Table A or Table B—the number of years specified in column 2 opposite the description that corresponds to the item,\n> > > \n> > > > (ii) for an item that is a motor vehicle or trailer for which there is a description in the Commonwealth Taxation Ruling, Schedule, Table B and a hash (#) symbol in column 3 opposite the item—the shorter period of—\n> > > > \n> > > > > (A) the number of years specified in column 2 opposite the item, or\n> > > > \n> > > > > (B) the number of years specified in the [Income Tax Assessment Act 1997](http://www.legislation.gov.au/) of the Commonwealth, section 40-102(4), table, column 3.\n> \n> > (2) When determining if there is a description in the Commonwealth Taxation Ruling, Schedule, Table A or Table B that corresponds to a major item of capital, the operator of a retirement village must follow the methodology set out in the ruling under the heading “How to use Tables A and B”.\n> \n> > (3) The operator of a retirement village must keep information showing the way the remaining effective life of each major item of capital is calculated.\n> \n> > (4) The operator of a retirement village who estimates the remaining effective life of a major item of capital in accordance with subsection (1)(a) must be able to demonstrate that the estimate is reasonable.\n> \n> > (5) The operator of a retirement village must make the information kept under subsection (3) available to a resident within 7 days after the resident requests the information.\n> \n> > (6) In this section—\n> > \n> > Commonwealth Taxation Ruling means TR 2022/1 Income tax: effective life of depreciating assets (applicable from 1 July 2022), being a public ruling made under the [Taxation Administration Act 1953](http://www.legislation.gov.au/) of the Commonwealth, section 358-5, as amended or replaced from time to time.","sortOrder":46},{"sectionNumber":"Division 5","sectionType":"division","heading":"Miscellaneous financial matters","content":"## Division 5 Miscellaneous financial matters\n\nDivision 5 Miscellaneous financial matters","sortOrder":47},{"sectionNumber":"39","sectionType":"section","heading":"Interest","content":"#### 39 Interest\n\n39 Interest\n\n> > (1) For the Act, sections 24(4)(b), 43(8)(b), 180(4)(b) and (5)(b), 181(7)(b) and 182AK(3)(b), the prescribed rate of interest is the rate of interest prescribed under the [Civil Procedure Act 2005](/view/html/inforce/current/act-2005-028), section 101.\n> \n> > (2) For the Act, section 155(3), the prescribed maximum rate of interest is the rate of interest prescribed under the [Civil Procedure Act 2005](/view/html/inforce/current/act-2005-028), section 101.","sortOrder":48},{"sectionNumber":"40","sectionType":"section","heading":"Holding of capital works fund—the Act, s 99(3)","content":"#### 40 Holding of capital works fund—the Act, s 99(3)\n\n40 Holding of capital works fund—the Act, s 99(3)\n\n> If the operator of a retirement village is a property trust or other corporation constituted by an Act, money in the capital works fund for the village may be held in a fund administered by the property trust or corporation.","sortOrder":49},{"sectionNumber":"41","sectionType":"section","heading":"Use of money in capital works fund—the Act, s 99(5)(c)","content":"#### 41 Use of money in capital works fund—the Act, s 99(5)(c)\n\n41 Use of money in capital works fund—the Act, s 99(5)(c)\n\n> The operator of a retirement village may use money from the capital works fund for a specific purpose if—\n> \n> > (a) by special resolution, the residents of the village have given consent to the money being used for the purpose, and\n> \n> > (b) the purpose is not a matter specified in the Act, section 97(3).\n> \n> Note—\n> \n> The Act, section 99(5)(a) and (b) set out other uses to which money in the capital works fund may be put.","sortOrder":50},{"sectionNumber":"42","sectionType":"section","heading":"Funding of capital maintenance—the Act, s 4(1), definition of “capital maintenance”","content":"#### 42 Funding of capital maintenance—the Act, s 4(1), definition of “capital maintenance”\n\n42 Funding of capital maintenance—the Act, s 4(1), definition of “capital maintenance”\n\n> > (1) This section applies only for the Act, section 99(5).\n> \n> > (2) Capital maintenance does not include maintenance of a major item of capital if the item is not included in the asset register.","sortOrder":51},{"sectionNumber":"43","sectionType":"section","heading":"Display of audited accounts—the Act, s 119(7)(a)","content":"#### 43 Display of audited accounts—the Act, s 119(7)(a)\n\n43 Display of audited accounts—the Act, s 119(7)(a)\n\n> If a retirement village does not have a Residents Committee, a copy of the audited accounts for the village must be displayed on an official notice board for at least 1 calendar month commencing not later than 4 calendar months after the end of the relevant financial year.","sortOrder":52},{"sectionNumber":"44","sectionType":"section","heading":"Making good of deficit—the Act, s 120C(3)(c)","content":"#### 44 Making good of deficit—the Act, s 120C(3)(c)\n\n44 Making good of deficit—the Act, s 120C(3)(c)\n\n> > (1) The operator of a retirement village may carry forward the part of a deficit that is caused by—\n> > \n> > > (a) the maintenance, not the replacement, of an item of capital if the maintenance was to rectify a matter set out in the Act, section 92(2), or\n> > \n> > > (b) an increase in the cost of one or more of the following—\n> > > \n> > > > (i) utilities, other than telephone services,\n> > > \n> > > > (ii) statutory charges, including rates and taxes,\n> > > \n> > > > (iii) wages and salaries increased under an award or industrial agreement,\n> > > \n> > > > (iv) a workers compensation premium payable by the operator for insurance under the [Workers Compensation Act 1987](/view/html/inforce/current/act-1987-070),\n> > > \n> > > > (v) public liability insurance.\n> \n> > (2) Despite subsection (1)(b)(iv), an operator must not carry forward more than 50% of an increase in the experience premium component of the operator’s insurance premium under the [Workers Compensation Act 1987](/view/html/inforce/current/act-1987-070).","sortOrder":53},{"sectionNumber":"Part 6","sectionType":"part","heading":"Payments if certain residential premises not sold","content":"# Part 6 Payments if certain residential premises not sold\n\nPart 6 Payments if certain residential premises not sold","sortOrder":54},{"sectionNumber":"45","sectionType":"section","heading":"Definition of “prescribed component”","content":"#### 45 Definition of “prescribed component”\n\n45 Definition of “prescribed component”\n\n> For the Act, section 182AA, definition of prescribed component, the prescribed component of an exit entitlement is the entire exit entitlement other than the former occupant’s share, in accordance with the village contract, of a capital gain or capital loss.","sortOrder":56},{"sectionNumber":"46","sectionType":"section","heading":"Definition of “prescribed period”—the Act, s 182AB","content":"#### 46 Definition of “prescribed period”—the Act, s 182AB\n\n46 Definition of “prescribed period”—the Act, s 182AB\n\n> For the Act, section 182AB(9), definition of prescribed period, paragraph (a), the following period is prescribed—\n> \n> > (a) for a retirement village located in the Greater Sydney Region, the City of Newcastle local government area or the City of Wollongong local government area—6 months,\n> \n> > (b) otherwise—12 months.","sortOrder":57},{"sectionNumber":"47","sectionType":"section","heading":"Secretary must consider unreasonable delay—the Act, s 182AC","content":"#### 47 Secretary must consider unreasonable delay—the Act, s 182AC\n\n47 Secretary must consider unreasonable delay—the Act, s 182AC\n\n> > (1) For the Act, section 182AC(3), the Secretary must consider the following matters—\n> > \n> > > (a) whether the operator has taken reasonable steps to facilitate the sale of the premises and the time in which the steps were taken, including in relation to—\n> > > \n> > > > (i) the carrying out of an inspection of the premises, and\n> > > \n> > > > (ii) the refurbishment of the premises,\n> > \n> > > (b) if the operator is appointed by the former occupant as a selling agent of the premises under the Act, section 168—\n> > > \n> > > > (i) whether the operator complied with the operator’s requirements under that section within a reasonable time, and\n> > > \n> > > > (ii) whether the operator arranged for an inspection of the premises for the purposes of the sale of the premises within a reasonable time,\n> > \n> > > (c) whether the actions of the operator delayed access to the services of an Australian legal practitioner, licensed conveyancer or selling agent, as applicable, in relation to the sale of the premises,\n> > \n> > > (d) whether the operator complied with other requirements imposed by or under the Act or this regulation in relation to the sale of the premises within a reasonable time.\n> \n> > (2) In this section—\n> > \n> > refurbishment has the same meaning as in the Act, section 162.","sortOrder":58},{"sectionNumber":"48","sectionType":"section","heading":"Content of exit entitlement orders—the Act, s 182AD","content":"#### 48 Content of exit entitlement orders—the Act, s 182AD\n\n48 Content of exit entitlement orders—the Act, s 182AD\n\n> For the Act, section 182AD(1)(f), the following information is prescribed—\n> \n> > (a) the period of time the former occupant occupied the residential premises,\n> \n> > (b) the ingoing contribution paid by the former occupant,\n> \n> > (c) the departure fee payable by the former occupant,\n> \n> > (d) the amount of capital gain the former occupant and the operator will each receive in relation to the premises, calculated on the basis of the agreed valuation of the former occupant’s exit entitlement,\n> \n> > (e) the amount of capital loss the former occupant and the operator are each responsible for, calculated on the basis of the agreed valuation of the former occupant’s exit entitlement.","sortOrder":59},{"sectionNumber":"49","sectionType":"section","heading":"Records to be kept of accommodation payments—the Act, s 182AG(5)(a)","content":"#### 49 Records to be kept of accommodation payments—the Act, s 182AG(5)(a)\n\n49 Records to be kept of accommodation payments—the Act, s 182AG(5)(a)\n\n> The operator of a retirement village who makes an accommodation payment must keep the following records—\n> \n> > (a) the amount of each payment,\n> \n> > (b) the date each payment was made,\n> \n> > (c) details of the approved provider of the aged care facility to whom the payment is made,\n> \n> > (d) if the operator ceases to be required to make accommodation payments on behalf of a former occupant—\n> > \n> > > (i) the date on which the final accommodation payment was made, and\n> > \n> > > (ii) details of the notices given under the Act, section 182AG(4)(a) and (b), including the dates on which the notices were given.","sortOrder":61},{"sectionNumber":"50","sectionType":"section","heading":"Information to be given to former occupant—the Act, s 182AG(5)(b)","content":"#### 50 Information to be given to former occupant—the Act, s 182AG(5)(b)\n\n50 Information to be given to former occupant—the Act, s 182AG(5)(b)\n\n> The operator of a retirement village who makes an accommodation payment must give the former occupant a document with a summary of the payments—\n> \n> > (a) within 6 months after the first payment is made, and\n> \n> > (b) at least once every 6 months while the operator continues to make the payments.","sortOrder":62},{"sectionNumber":"Part 7","sectionType":"part","heading":"Applications to Tribunal","content":"# Part 7 Applications to Tribunal\n\nPart 7 Applications to Tribunal","sortOrder":63},{"sectionNumber":"51","sectionType":"section","heading":"Time limits for applications to Tribunal—the Act, s 203(2)(a)","content":"#### 51 Time limits for applications to Tribunal—the Act, s 203(2)(a)\n\n51 Time limits for applications to Tribunal—the Act, s 203(2)(a)\n\n> An application to the Tribunal—\n> \n> > (a) if made under a provision of the Act specified in Schedule 6—must be made within the time limit specified for the provision in Schedule 6, or\n> \n> > (b) otherwise—may be made at any time.\n> \n> Note—\n> \n> The Tribunal may, under the [Civil and Administrative Tribunal Act 2013](/view/html/inforce/current/act-2013-002), section 41, extend the period of time for making an application.","sortOrder":64},{"sectionNumber":"52","sectionType":"section","heading":"Applications to Tribunal by Residents Committee—the Act, s 203(2)(b)","content":"#### 52 Applications to Tribunal by Residents Committee—the Act, s 203(2)(b)\n\n52 Applications to Tribunal by Residents Committee—the Act, s 203(2)(b)\n\n> > (1) The Residents Committee of a retirement village may apply to the Tribunal for an order for which a resident may apply—\n> > \n> > > (a) on behalf of one or more residents of the village who request that the Committee make the application, or\n> > \n> > > (b) on behalf of the residents of the village.\n> \n> > (2) An application under subsection (1)(b) must not be made—\n> > \n> > > (a) unless the consent of the residents is obtained by—\n> > > \n> > > > (i) the proposal being put to a meeting of the residents, and\n> > > \n> > > > (ii) the vote for the proposal being determined by a show of hands, or\n> > \n> > > (b) on behalf of a resident who gives written notice to the Residents Committee that the resident does not wish to be a party to the proceedings.","sortOrder":65},{"sectionNumber":"53","sectionType":"section","heading":"Tribunal may determine respondent to application by operator—the Act, s 203(2)(c)","content":"#### 53 Tribunal may determine respondent to application by operator—the Act, s 203(2)(c)\n\n53 Tribunal may determine respondent to application by operator—the Act, s 203(2)(c)\n\n> The Tribunal may order that the respondent to an application made by the operator of a retirement village is—\n> \n> > (a) one or more specified residents of the village, or\n> \n> > (b) all the residents of the village.","sortOrder":66},{"sectionNumber":"54","sectionType":"section","heading":"Tribunal may vary, stay or set aside order—the Act, s 128(1)(l)","content":"#### 54 Tribunal may vary, stay or set aside order—the Act, s 128(1)(l)\n\n54 Tribunal may vary, stay or set aside order—the Act, s 128(1)(l)\n\n> The Tribunal may make an order to vary, stay or set aside a previous order made under the Act by the Tribunal.","sortOrder":67},{"sectionNumber":"55","sectionType":"section","heading":"Tribunal may make differential orders—the Act, s 128(1)(l)","content":"#### 55 Tribunal may make differential orders—the Act, s 128(1)(l)\n\n55 Tribunal may make differential orders—the Act, s 128(1)(l)\n\n> > (1) This section applies to an application—\n> > \n> > > (a) to which 2 or more residents of the village are parties, whether the application was made jointly by the residents or by the Residents Committee on behalf of the residents, or\n> > \n> > > (b) made by the operator of the village and to which 2 or more residents are the other parties.\n> \n> > (2) The Tribunal may make an order of a kind referred to in the Act, section 128(1)(a)–(k1) that applies differently to different residents or groups of residents.","sortOrder":68},{"sectionNumber":"56","sectionType":"section","heading":"Residents may nominate representative—the Act, s 122","content":"#### 56 Residents may nominate representative—the Act, s 122\n\n56 Residents may nominate representative—the Act, s 122\n\n> For the Act, section 122(2), a resident is the nominated representative for a dispute if—\n> \n> > (a) each other resident who is a party to the dispute signs a statement to the effect that the resident named in the statement is the signatory’s representative, and\n> \n> > (b) the nominated resident consents in writing to the nomination.","sortOrder":69},{"sectionNumber":"Part 8","sectionType":"part","heading":"Relevant village information—the Act, s 197B","content":"# Part 8 Relevant village information—the Act, s 197B\n\nPart 8 Relevant village information—the Act, s 197B","sortOrder":70},{"sectionNumber":"57","sectionType":"section","heading":"Relevant village information to be given to Secretary","content":"#### 57 Relevant village information to be given to Secretary\n\n57 Relevant village information to be given to Secretary\n\n> > (1) For the Act, section 197B(1)(a), the operator of a retirement village must give the information set out in Schedule 7 (relevant village information) to the Secretary in the form approved by the Secretary—\n> > \n> > > (a) when the village commences operation, and\n> > \n> > > (b) within 1 month after the end of each financial year.\n> > \n> > Maximum penalty—\n> > \n> > > (a) for a corporation—100 penalty units, or\n> > \n> > > (b) otherwise—50 penalty units.\n> \n> > (2) If the relevant village information for a village specified in Schedule 7 changes, the operator must give the Secretary the updated information within 21 days after the operator becomes aware of the change.\n> > \n> > Maximum penalty—\n> > \n> > > (a) for a corporation—100 penalty units, or\n> > \n> > > (b) otherwise—50 penalty units.","sortOrder":71},{"sectionNumber":"58","sectionType":"section","heading":"Publication of relevant village information","content":"#### 58 Publication of relevant village information\n\n58 Publication of relevant village information\n\n> The Secretary may publish relevant village information on a website of the Department.","sortOrder":72},{"sectionNumber":"59","sectionType":"section","heading":"Exchange and sharing of relevant village information","content":"#### 59 Exchange and sharing of relevant village information\n\n59 Exchange and sharing of relevant village information\n\n> The Secretary may exchange relevant village information with the Office of the Ageing and Disability Commissioner.","sortOrder":73},{"sectionNumber":"Part 9","sectionType":"part","heading":"Miscellaneous","content":"# Part 9 Miscellaneous\n\nPart 9 Miscellaneous","sortOrder":74},{"sectionNumber":"60","sectionType":"section","heading":"Renovations and alteration of fixtures and fittings—the Act, s 41A","content":"#### 60 Renovations and alteration of fixtures and fittings—the Act, s 41A\n\n60 Renovations and alteration of fixtures and fittings—the Act, s 41A\n\n> > (1) For the Act, section 41A(7)(b), the following are prescribed—\n> > \n> > > (a) making renovations to scheme premises, and\n> > \n> > > (b) adding, removing or altering fixtures and fittings in scheme premises.\n> \n> > (2) In this section—\n> > \n> > scheme premises means premises owned by a resident of a retirement village under one of the following—\n> > \n> > > (a) a community land scheme,\n> > \n> > > (b) a company title scheme,\n> > \n> > > (c) a strata scheme.","sortOrder":75},{"sectionNumber":"61","sectionType":"section","heading":"Circumstances in which operator may enter premises—the Act, s 67","content":"#### 61 Circumstances in which operator may enter premises—the Act, s 67\n\n61 Circumstances in which operator may enter premises—the Act, s 67\n\n> > (1) For the Act, section 67(2)(g), the following circumstances are prescribed—\n> > \n> > > (a) the Secretary has made an exit entitlement order under the Act, section 182AC for the former occupant of the premises,\n> > \n> > > (b) entry is for facilitating the sale of the premises,\n> > \n> > > (c) if the former occupant is a remaining former occupant—the remaining former occupant has given written consent.\n> \n> > (2) In this section—\n> > \n> > remaining former occupant means a former occupant who—\n> > \n> > > (a) has, under the Act, section 182AB(4)(c), given the operator written notice that the former occupant does not intend to move out of the former occupant’s residential premises while the premises are for sale, and\n> > \n> > > (b) continues to occupy the premises on the date on which the operator proposes to enter the premises.","sortOrder":76},{"sectionNumber":"62","sectionType":"section","heading":"Liability of former occupant if village contract terminated during settling-in period—the Act, s 44B","content":"#### 62 Liability of former occupant if village contract terminated during settling-in period—the Act, s 44B\n\n62 Liability of former occupant if village contract terminated during settling-in period—the Act, s 44B\n\n> > (1) For the Act, section 44B(1)(d), the amount prescribed is the amount reasonably incurred by the operator of the retirement village in, at the resident’s request—\n> > \n> > > (a) making renovations to the residential premises, or\n> > \n> > > (b) adding, removing or altering fixtures or fittings in the residential premises.\n> \n> > (2) For the Act, section 44B(4), the prescribed amount is $200.","sortOrder":77},{"sectionNumber":"63","sectionType":"section","heading":"Membership of Residents Committee—the Act, s 70A","content":"#### 63 Membership of Residents Committee—the Act, s 70A\n\n63 Membership of Residents Committee—the Act, s 70A\n\n> > (1) For the Act, section 70A(1), a person may hold the same office on the Residents Committee of a retirement village for more than 3 consecutive years if—\n> > \n> > > (a) the person is the only person standing for election to the office, or\n> > \n> > > (b) the residents of the retirement village, by special resolution, consent to the person standing for election to the office.\n> \n> > (2) In this section—\n> > \n> > office means the office of chairperson, secretary or treasurer.","sortOrder":78},{"sectionNumber":"64","sectionType":"section","heading":"Termination notice—the Act, s 131(2)","content":"#### 64 Termination notice—the Act, s 131(2)\n\n64 Termination notice—the Act, s 131(2)\n\n> > (1) A termination notice must be in the form set out in Schedule 4.\n> \n> > (2) A termination notice must be given within 28 days before the application is made to the Tribunal.\n> \n> > (3) Subsection (2) does not apply to an application for a termination order under the Act, section 136.","sortOrder":79},{"sectionNumber":"65","sectionType":"section","heading":"Protection of ingoing contributions—the Act, s 182A","content":"#### 65 Protection of ingoing contributions—the Act, s 182A\n\n65 Protection of ingoing contributions—the Act, s 182A\n\n> For the Act, section 182A(1)(b), the prescribed amount is $10,000.","sortOrder":80},{"sectionNumber":"66","sectionType":"section","heading":"Service of documents—the Act, s 201","content":"#### 66 Service of documents—the Act, s 201\n\n66 Service of documents—the Act, s 201\n\n> > (1) For the Act, section 201(1)(c), a notice may be given to a resident of a retirement village by—\n> > \n> > > (a) leaving the notice in a mailbox at the last known address of the resident, or\n> > \n> > > (b) delivering the notice to the residential premises occupied by the resident and leaving it there with a person who is apparently at least 16 years of age, or\n> > \n> > > (c) if the resident is a protected person—giving the notice to the NSW Trustee and Guardian, or\n> > \n> > > (d) if the resident has a guardian—giving the notice to the resident’s guardian, or\n> > \n> > > (e) if the resident is a protected person and has a guardian—giving the notice to both the NSW Trustee and Guardian and the resident’s guardian.\n> \n> > (2) For the Act, section 201(2)(c), a notice may be given to the operator of a retirement village by—\n> > \n> > > (a) leaving the notice in a mailbox at the last known address of the operator, or\n> > \n> > > (b) giving the notice personally to an employee of the operator, or\n> > \n> > > (c) if a receiver, a receiver and manager or an administrator has been appointed to the operator—giving the notice to the receiver, the receiver and manager or the administrator.\n> \n> > (3) Subsections (1)(a) and (b) and (2) do not apply to a termination notice.\n> \n> > (4) In this section—\n> > \n> > protected person has the same meaning as in the [NSW Trustee and Guardian Act 2009](/view/html/inforce/current/act-2009-049), section 38.","sortOrder":81},{"sectionNumber":"67","sectionType":"section","heading":"Exempt contracts—the Act, s 203(4)","content":"#### 67 Exempt contracts—the Act, s 203(4)\n\n67 Exempt contracts—the Act, s 203(4)\n\n> A village contract is exempt from the Act, section 152(2)(e) and Part 10AA if—\n> \n> > (a) the retirement village to which the contract applies is held in trust by a trustee, and\n> \n> > (b) the trustee holds each unit in the village in trust for the benefit of a resident.","sortOrder":82},{"sectionNumber":"68","sectionType":"section","heading":"Conduct of written ballot—the Act, Sch 1, cll 3 and 5","content":"#### 68 Conduct of written ballot—the Act, Sch 1, cll 3 and 5\n\n68 Conduct of written ballot—the Act, Sch 1, cll 3 and 5\n\n> A written ballot must be conducted in accordance with Schedule 8, Part 3.","sortOrder":83},{"sectionNumber":"69","sectionType":"section","heading":"Rules of conduct for operators—the Act, s 83B","content":"#### 69 Rules of conduct for operators—the Act, s 83B\n\n69 Rules of conduct for operators—the Act, s 83B\n\n> The rules of conduct set out in Schedule 9 are prescribed.","sortOrder":84},{"sectionNumber":"70","sectionType":"section","heading":"Penalty notices","content":"#### 70 Penalty notices\n\n70 Penalty notices\n\n> > (1) For the Act, section 184(2)—\n> > \n> > > (a) each offence created by a provision specified in Schedule 10 is an offence for which a penalty notice may be issued, and\n> > \n> > > (b) the amount payable for the penalty notice is the amount specified opposite the provision.\n> \n> > (2) If the provision is qualified by words that restrict its operation to limited kinds of offences or to offences committed in limited circumstances, the penalty notice may be issued only for—\n> > \n> > > (a) the limited kind of offence, or\n> > \n> > > (b) an offence committed in the limited circumstances.","sortOrder":85},{"sectionNumber":"71","sectionType":"section","heading":"Savings","content":"#### 71 Savings\n\n71 Savings\n\n> An act, matter or thing that, immediately before the repeal of the [Retirement Villages Regulation 2017](/view/html/repealed/current/sl-2017-0485), had effect under that regulation continues to have effect under this regulation.","sortOrder":86},{"sectionNumber":"Schedule 1","sectionType":"schedule","heading":"Standard form of village contract","content":"# Schedule 1 Standard form of village contract\n\nSchedule 1 Standard form of village contract\n\nsection 15(1)\n\nStandard Form Village Contract\n\n[Retirement Villages Act 1999](/view/html/inforce/current/act-1999-081), section 43\n\n**Village—**\n\n**Operator(s)—**\n\n**Resident 1—**\n\n**Resident 2—**\n\n**KEY TERMS**\n\nOperator(s)—\n\nName of Operator(s)—\n\n\\[*Where there is more than one operator, refer to the additional terms for the rights and responsibilities of each operator*\\]\n\nAddress for service of notices—\n\nPostcode—\n\nResident(s)—\n\nName of Resident 1—\n\nName of Resident 2—\n\nAddress for service of notices—\n\nPostcode—\n\nWhere there is more than one resident, they are joint tenants unless a tenancy in common is indicated in the additional terms or in a separate contract (if applicable).\n\nYour premises—\n\n\\[*Delete or cross out any of the below which do not apply*\\]\n\nPremises Number—\n\nTitle Details for Premises—\n\n> □ Folio ID—\n\n> □ Lease Folio ID—\n\n> □ Part of lot as set out in attached plan—\n\n> □ Shown in the plan memorandum registered no—\n\nTitle Details for Leasehold Village—\n\nTrading Name of Village—\n\nAddress of Village—\n\nPostcode—\n\nWhat is included with your premises?\n\n\\[*Delete or cross out which of the below does not apply*\\]\n\n\\[*Registered interest holders* except *registered long-term lessees*\\] Your premises include—\n\n\\[*Non-Registered interest holders* and *registered long-term lessees*\\] We grant you the right to occupy or use—\n\n> □ Garage (Number ..) □ Carport (Number ..) □ Parking Space (Number..)\n\n> □ Storage Area (Number..)\n\n> □ Furniture—\n\n> □ Other—\n\n> □ Attached list/plan\n\nIs there a separate agreement dealing with any of the above inclusions?—Yes—\\[*name of agreement*\\]/No\n\nIs an additional fee payable for any of the above inclusions?—Yes/No\n\nNote—\n\nIf yes, the fee payable is set out in the Financial Terms of this agreement.\n\nWhat is not included with your premises?\n\n\\[*Attach list if space is insufficient*\\]\n\nFixtures/Fittings/Furnishings/Other—\n\nKey dates—\n\nDate you received a copy of this contract—\n\nDate this contract is entered into—\n\nAgreed date that you may occupy your premises \\[*entry date*\\]—\\[*if known*\\]\n\nDate from which you must pay us recurrent charges—\\[*if known*\\]\n\nNature of residence right—\n\n\\[*Delete or cross out which of the below does not apply*\\]\n\n\\[*Registered interest holders* except *registered long-term lessees*\\] Your right to reside in your premises arises on the following basis and the provisions in this contract which apply to the residence right type ticked below will apply to you and us—\n\n\\[*Registered interest holders* who are *registered long-term lessees* and *non-registered interest holders*\\] You do not own the premises. We grant you the right to occupy the premises on the following basis. The provisions in this contract which apply to the residence right type ticked below will apply to you and us—\n\n| □ Registered interest holder[if above box is ticked, select one or more from the list below] | □ Non-registered interest holder |\n| □ Owner of a lot in a strata scheme□ Owner of shares in a company title scheme□ Owner of a lot in a community land scheme□ Registered long-term lease with a term of—[Only tick the last box if the term is at least 50 years (including options to renew) or for the life of the lessee, the contract includes provision for the resident to be entitled to 50% or more of the capital gain, and the lease will be registered.] | Term [if any]— |\n\nDoes your residence right arise under an assignable lease? Yes □/No □\n\n***Registered interest holders*—**If the box is ticked indicating that you are a *registered interest holder*, you will not be a *registered interest holder* until, if the instrument under which you obtain your residence right requires registration, registration occurs (for example until your long-term lease has been registered) or you become the registered proprietor of the land.\n\n□**Contract subject to separate contract—**If this box is ticked, this contract will not apply until you have acquired the premises (or, for company title, the shares which entitle you to occupy the premises) under a separate contract.\n\nNote—\n\nIf this box is ticked, title to the premises is proposed to be conveyed under a separate contract and nothing in this contract constitutes a warranty or representation by us that you will obtain title to the premises or any inclusions.\n\nAdditional terms—\n\nAdditional terms may be added to the standard terms prescribed under the *retirement village laws* at the end of the contract.\n\n*Retirement village laws*—\n\nThis contract is subject to the provisions of the *retirement village laws*. For information on your rights and responsibilities under the *retirement village laws*, contact NSW Fair Trading by visiting www.fairtrading.nsw.gov.au or calling 13 32 20.\n\nTerms in *italics* are defined in clause 1.2 of this contract.\n\n**FINANCIAL TERMS**\n\nNote—\n\nThe additional terms may set out more detail about the *entry payment* and other amounts payable as detailed below and, where there is more than one operator, the additional terms may specify which operator is to receive or make a payment.\n\nA Entry payment\n\nAre you required to pay an *entry payment*? Yes \\[*continue to the remainder of item A*\\]/No \\[*delete or cross out the remainder of item A*\\]\n\nYou must pay an *entry payment* in total of $..as your—\n\n> □ Ingoing contribution\n\n> □ Purchase price\n\n> □ Assignment fee\n\n\\[*Delete or cross out the below if the ingoing contribution is not divided into components*\\]\n\nWhere an ingoing contribution is payable, it consists of the following components—\n\n> □ Loan $\n\n> □ Lease premium $\n\n> □ Prepaid rent $\n\n> □ Other $\n\nThe waiting list fee of $.. and/or the holding deposit of $.. which you have already paid will form part of this amount. \\[*Delete or cross out if not applicable*\\]\n\nWhen is the full *entry payment* due?\n\nCan the *entry payment* be paid in instalments? Yes \\[*refer to additional terms for payment frequency/dates*\\]/No\n\nIs any of the *entry payment* non-refundable? Yes ($..)/No\n\nIs any interest payable if the *entry payment* is not paid by the date due? Yes (*see additional terms*)/No\n\n\\[*Delete or cross out the below if no separate additional fee applies for any inclusions*\\]\n\nIn addition to the *entry payment*, you must pay the following fees for the inclusions detailed in the Key Terms—\n\n| Parking Space $ | Garage $ |\n| Carport $ | Storage Area $ |\n| Furniture $ | Other $ |\n\nB Deposit\n\nAre you required to pay a deposit on signing this contract? Yes ($..)/No\n\nC Legal and other expenses payable on entry\n\nYou must pay to us on entry the following legal and other expenses incurred in connection with the preparation of this contract—(maximum $50)\n\n> □ Contribution to our legal expenses incurred in preparing this contract $\n\n> □ Other expenses \\[*specify*\\]\n\nYou must pay the following charges to third parties—\n\n> □ Lease registration fee $\n\n> □ Other \\[*specify*\\]\n\n\\[If “Contract subject to separate contract” box is ticked (*delete or cross out if not applicable*)\\]\n\nAdditional fees may be payable under the separate contract you have entered into to acquire the premises (or, for company title, the shares which entitle you to occupy the premises).\n\nD Recurrent charges\n\nYou must pay to us recurrent charges as follows—\n\nCurrent frequency of payment—□ Weekly □ Fortnightly □ Monthly □ Other—\n\nCurrent rate of recurrent charges for your premises— $.. per ..\n\nThis amount includes $.. as recurrent charges for general services as well as recurrent charges for optional services as detailed in item F. \\[*Delete or cross out if no optional services are included in item F*\\]\n\nYou may also need to pay levies to the owners corporation (for strata schemes), community association (for community land schemes) or company (for company title). The amount of the levies for your premises as at the date of this contract is $.. per ..\n\nE Variation of recurrent charges\n\nWe may vary your recurrent charges as follows—\n\n| Method of variation [choose 1 method only] |\n| □Fixed formula | □Non-fixed formula |\n| Your recurrent charges will be varied in accordance with—□ variation in CPI□ variations in (single/couple) [delete or cross out whichever is not applicable] age pension□ other [specify]The first variation will be on—After the first variation, variations will occur every—The new amount of the recurrent charges will not take effect earlier than 14 days after we have given you notice of the new amount. | We may vary the amount of recurrent charges payable from time to time (no more than once in a 12-month period)—(a) by giving you 14 days notice in writing, if the increase does not exceed the variation in CPI, or(b) by giving you at least 60 days notice in writing and seeking and obtaining the consent of residents affected by the proposed increase or an order of the Tribunal, if the increase exceeds the variation in CPI. |\n\nF Optional services\n\nDo your recurrent charges include optional services? (Optional services may include, for example, meals, laundry services and home cleaning.) Yes/No\n\nIf yes, at the time of entry, the amount of recurrent charges attributable to the provision of optional services is $.. This amount may change in the future.\n\nG Capital gains and losses\n\nIf you are entitled to a percentage of a capital gain, or are responsible for a percentage of a capital loss, this may form part of the termination payment calculated in accordance with item I.\n\n|  | Capital gain/capital loss structure |  |\n|  | Are you entitled to a percentage of any capital gain? | Yes (..%)/No |\n|  | Are you responsible for a percentage of any capital loss? | Yes (..%)/No |\n| □ | Different capital gain/capital loss structure [delete or cross out if not applicable] [insert full details if the calculation does not fit within the above structure]— |  |\n\nH Departure fee\n\nDoes a departure fee form part of the payment on termination of this contract? Yes \\[*continue to the remainder of item H*\\]/No \\[*delete or cross out remainder of item H*\\]\n\nIf yes, this may form part of the termination payment calculated in accordance with item I. The departure fee is calculated on a daily basis (but does not accrue and is not payable on a daily basis). The box below shows you how your departure fee is calculated—\n\n|  | What is the departure fee % based on?□ the entry payment□ the new entry payment□ other (provide details)— |\n|  | Departure fee structure |  |\n|  | TimeYears.. to .. (inclusive)Years.. to .. (inclusive)Years.. to .. (inclusive) | Percentage..% per year..% per year..% per year | The maximum departure fee percentage you will pay is ..% if the period between the entry date and the date you permanently vacate is ..years or more. |\n| □ | Different departure fee structure [delete or cross out if not applicable] [insert full details if the departure fee is not the above structure]— |\n\nI Calculation of payment on or before termination of residence right\n\n\\[*Delete or cross out which of the below does not apply*\\]\n\n**\\[*Registered interest holders* except non-assignable *registered long-term lessees*\\]**\n\nWe are not required to make any payments to you when your residence right is terminated. You are responsible for selling your premises and receiving the *new entry payment* from the person who buys your premises or your leasehold interest.\n\nHowever, if we are required to pay you any part of your exit entitlement in accordance with an exit entitlement order under the *retirement village laws*—\n\n> (a) we must pay you the exit entitlement before your residence right is terminated or as otherwise provided by the exit entitlement order, and\n\n> (b) if you are required to pay us your share of any capital loss—we may set off and deduct your share of the capital loss from the exit entitlement we pay you before your residence right is terminated or as otherwise provided by the exit entitlement order.\n\n**\\[*Non-registered interest holders* and non-assignable *registered long-term lessees*\\]**\n\nThe amount payable on termination is calculated as follows—\n\n| □ | Payment on termination calculationAfter termination of this contract (refer to item J for specific detail about timing not otherwise addressed by this item)—1 We will repay you the—□ Unearned rent (refer to the additional terms for how this is calculated)□ Loan (item A)□ Lease premium (item A)2 We will pay you—□ Your share of any capital gain (item G)□ Other [specify]—3 You must pay us (or we may set off and deduct from the amounts we must pay you described in 1 and 2 above)—□ Departure fee (item H)□ Your share of any capital loss (item G)□ Any non-refundable component of the entry payment (item A)□ Any accommodation payment made by us on your behalf in accordance with the retirement village laws to an approved provider of an aged care facility in which you reside or propose to reside□ Other [specify]— |\n| □ | Different payment on termination calculation [delete or cross out if not applicable] [insert full details if the calculation does not fit within the above structure]—Despite this item and item J, if we are required to pay you any part of your exit entitlement in accordance with an exit entitlement order under the retirement village laws—(a) we must pay you the exit entitlement before your residence right is terminated or as otherwise provided by the exit entitlement order, and(b) if you are required to pay us your share of any capital loss—we may set off and deduct your share of the capital loss from the exit entitlement we pay you before your residence right is terminated or as otherwise provided by the exit entitlement order. |\n\n\\[Items J and M below are for *registered interest holders*. Items K and L below are for *registered interest holders* and *non-registered interest holders*. *Cross out if not applicable*.\\]\n\nJ Timing for payment on termination of your residence right\n\n\\[*Delete or cross out which of the below does not apply*\\]\n\n**\\[Non-assignable *registered long-term lessees*\\]**\n\n> □ We must pay you the amount of your payment on termination of your residence right within 14 days after the date on which we receive full payment of the *new entry payment* except where we are required to pay you earlier under the *retirement village laws*.\n\n> □ **Different timing for payment** \\[*delete or cross out if not applicable*\\] \\[*insert full details if liability to make termination payment is to be made at a time that is earlier than that described above or in the retirement village laws*\\]\n\nIf more than one resident is a party to this contract, a payment will only be made after all residents have *permanently vacated* your premises.\n\n**\\[*Registered interest holders* except non-assignable *registered long-term lessees*\\]**\n\nYou are responsible for obtaining the *new entry payment* from the person who buys your premises or leasehold interest.\n\nK Liability for recurrent charges for optional services on termination\n\nIf you move out of your premises, your liability to pay recurrent charges for optional services ceases from the date you move out. If you die, your liability ends from the date we are notified. However, you will be liable for services provided before that date.\n\nL Liability for recurrent charges for general services on permanent vacation of residential premises\n\n> □ Except as otherwise provided by the *retirement village laws*, you must pay on and from the date you *permanently vacate* your residential premises—\n> \n> > (a) the full rate for general services until whichever of the following occurs first—\n> > \n> > > (i) a new resident enters into a contract with us to occupy the premises or moves into the premises,\n> > \n> > > (ii) a person takes up residence in the premises with the consent of the operator,\n> > \n> > > (iii) you *permanently vacate* the premises after receiving notice of our intention to apply to the *Tribunal* for an order terminating this contract,\n> > \n> > > (iv) if we buy the premises from you—the contracts for the purchase are exchanged, or\n> \n> > (b) for *non-registered interest holders* and *registered interest holders* referred to in the Act, section 7(1)(c)—the full rate for general services until whichever of the following occurs first—\n> > \n> > > (i) a circumstance referred to in paragraph (a)(i)–(iv) occurs,\n> > \n> > > (ii) 42 days immediately after the date on which you *permanently vacate* the premises have passed.\n\n> □ **Different provision** \\[*delete or cross out if not applicable*\\] \\[*insert full details if the liability to pay recurrent charges is to cease at a time that is earlier than that described in the above provision*\\]\n\nNote—\n\nThis provision does not affect any levies payable by you under a strata scheme, company title or a community land scheme \\[*delete or cross out if not applicable*\\].\n\nM Costs of sale\n\nIf you appoint a person other than us or a person chosen by us as a selling agent, you must pay the selling agent’s commission (if any) in full.\n\nAll other costs of sale, including commission if you appoint us or our nominee as your agent, are to be shared between you and us in the same proportion as our respective capital gain percentage.\n\n\\[Item N below is for *non-registered interest holders*. *Cross out if not applicable.*\\]\n\nN Timing for payment on termination of your residence right\n\n> □ We must pay you the amount of your payment on termination of your residence right—\n> \n> > (a) within 14 days after the date on which we receive full payment of the *new entry payment*, or\n> \n> > (b) within 14 days after the date on which an incoming resident takes up residence in your premises with our consent, or\n> \n> > (c) within 6 months after the date you *permanently vacate* your premises,\n> \n> whichever occurs first, except where we are required to pay you earlier under the *retirement village laws*.\n\n> □ **Different timing for payment** \\[*delete or cross out if not applicable*\\] \\[*insert full details if liability to make termination payment is to be made at a time that is earlier than that described above or in the retirement village laws*\\]\n\nIf more than one resident is a party to this contract, a payment will only be made after all residents have *permanently vacated* your premises.\n\n**GENERAL TERMS**\n\n1 INTERPRETATION AND DEFINITIONS\n\n1.1 Interpretation\n\n> (a) Except as otherwise provided for in the additional terms—\n> \n> > (i) when the words “you” or “your” appear in this contract, it refers to the Resident and includes the Resident’s executors or administrators but only to the extent necessary to enable them to discharge their duties, and\n> \n> > (ii) where the Resident is more than one person, the words “you” or “your” apply jointly to the Residents and to each of them.\n\n> (b) When this contract uses the words “we”, “us” or “our”, it refers to the Operator and, where the context allows, its employees and agents. If there is more than one Operator, use of the word “we”, “us” or “our” does not of itself imply any relationship between any of those Operators, such as a partnership. The relationship of the Operators to each other, and certain rights and obligations between each of them and you, may be set out in the additional terms.\n\n> (c) Expressions which are not defined in this contract but which have a defined meaning in the *retirement village laws* have the same meaning in this contract.\n\n> (d) Headings are for convenience only and do not form part of this contract or affect its interpretation.\n\n> (e) Unless expressly stated otherwise in this contract—\n> \n> > (i) if a period of time is specified and dates from a given day or the day of an act or event, it is to be calculated exclusive of that day, and\n> \n> > (ii) if the last day of a period of time prescribed or allowed by this contract for the doing of any thing falls on a day which is not a *business day*, the thing may be done on the first *business day* following that day.\n\n> (f) Where a word or expression is given a particular meaning, other parts of speech and grammatical forms of that word or expression have a corresponding meaning.\n\n> (g) The meaning of any general language is not restricted by any accompanying example, and the words “includes”, “including”, “such as” and “for example” or similar words are not words of limitation.\n\n1.2 Definitions\n\nbusiness day means a day in New South Wales that is not—\n\n> (a) a Saturday or Sunday, or\n\n> (b) a public holiday or bank holiday.\n\nentry payment means the amount of the purchase price, ingoing contribution or assignment fee payable by you as set out in the Financial Terms section of this contract.\n\nitem of capital means any building or structure in the village; any plant, machinery or equipment used in the operation of the village; any part of the infrastructure of the village; fixtures (for example, benches, built-in cupboards, floor coverings, hot-water systems and stoves); fittings (for example, light fittings, taps and sanitary fittings); furnishings (for example, curtains and blinds); and non-fixed items (for example, whitegoods, portable air conditioners, fans, tables and chairs).\n\nnew entry payment means the amount provided by the next resident in connection with your premises after you leave.\n\nnon-registered interest holder means a resident who is not a *registered interest holder*.\n\npermanently vacate means the occurrence of one of the following—\n\n> (a) you (or a person on your behalf) delivers up vacant possession of your premises to us following your vacation of the premises,\n\n> (b) the executor or administrator of your estate delivers up vacant possession of your premises to us following your death,\n\n> (c) the *Tribunal* makes an order declaring that your premises were abandoned by you (and you are taken to have permanently vacated your premises on the day specified in the order),\n\n> (d) if you are a *registered interest holder*—you die or move out of your premises,\n\n> (e) if the residence right for your premises was obtained by another person for the purpose of allowing you to live at your premises, or by a corporation, and you live at your premises with the other person’s or the corporation’s consent—when you die or move out of the premises.\n\nregistered interest holder means a resident who—\n\n> (a) is the registered proprietor of the premises, or\n\n> (b) is the owner of a lot in a strata scheme, or\n\n> (c) is the proprietor of a lot in a community land scheme, or\n\n> (d) is the owner of shares in a company title scheme for the premises, or\n\n> (e) has a *registered long-term lease* that includes a provision that entitles the resident to at least 50% of any capital gain.\n\nregistered long-term lease means a lease registered under the [Real Property Act 1900](/view/html/inforce/current/act-1900-025) that has a term of at least 50 years (including an option to renew) or is for the life of the lessee.\n\nrequired services and facilities—see clause 5.1.\n\nrescission notice means a notice given by you or your legal representative that says that you rescind this contract.\n\nretirement village laws means the following, as amended or substituted from time to time—\n\n> (a) the [Retirement Villages Act 1999](/view/html/inforce/current/act-1999-081),\n\n> (b) the [Retirement Villages Regulation 2025](/view/html/inforce/current/sl-2025-0436).\n\nsettling-in period means the period between the date of this contract and the later of the following—\n\n> (a) 90 days after the date on which you are entitled to occupy your premises under this contract (or other relevant contract which is a residence contract for the purposes of the *retirement village laws*),\n\n> (b) if you occupy the premises before you are entitled to do so under the contract described in paragraph (a)—90 days after you first occupy your premises,\n\n> (c) another date that we may agree with you in writing.\n\nTribunal means the Civil and Administrative Tribunal of New South Wales.\n\nvariation in CPI means the difference between—\n\n> (a) the Consumer Price Index (All Groups Index) for Sydney as published by the Australian Bureau of Statistics most recently before the recurrent charges were last varied or, if the recurrent charges have never been varied, as published 12 months prior to paragraph (b), and\n\n> (b) the Consumer Price Index (All Groups Index) for Sydney as published by the Australian Bureau of Statistics most recently before the written notice of the proposed variation is given.\n\n2 COOLING-OFF PERIOD\n\n2.1 What is your right to terminate during the cooling-off period?\n\nBefore midnight on the seventh *business day* after the date you gave us a signed copy of this contract, you are able to rescind this contract by giving us a *rescission notice*. You waive the right to rescind if you move into your premises.\n\n2.2 What will we pay you if you terminate this contract during the cooling-off period?\n\nIf you rescind this contract during the cooling-off period, then this contract becomes void and we must repay you all money that has been paid to us under this contract by you as soon as is reasonably practicable (and no later than 1 month) after you give us the *rescission notice*.\n\n3 SETTLING-IN PERIOD\n\n3.1 What is your right to terminate during the *settling-in period*?\n\n\\[*Delete or cross out which of the below does not apply*\\]\n\n**\\[All residence right types except *registered interest holders* where right to occupy the premises arises under a contract other than this contract (such as a contract for sale of land)\\]**\n\nYou may terminate this contract during the *settling-in period* by *permanently vacating* your premises.\n\n**\\[*Registered interest holders* where right to occupy the premises arises under a contract other than this contract (such as a contract for sale of land)\\]**\n\nYou may terminate this contract during the *settling-in period* by—\n\n> (a) *permanently vacating* your premises, or\n\n> (b) giving us written notice during the *settling-in period* that you want to terminate this contract for any reason.\n\n3.2 What will we charge you if you terminate during the *settling-in period*?\n\n**\\[All residence right types\\]**\n\nIf you terminate this contract during the *settling-in period*, we may only charge you the following—\n\n> (a) the fair market rent, but only if you have occupied your premises,\n\n> (b) the reasonable costs incurred by us in adding, removing or altering any fixtures or fittings, or making any renovations to your premises at your request, but only if you have occupied your premises,\n\n> (c) an administration fee of not more than $200,\n\n**\\[Residents where the right to occupy the premises arises under this contract (*delete or cross out if not applicable*)\\]**\n\n> (d) the cost of any repairs for damage to your premises in excess of fair wear and tear.\n\n3.3 What are we required to pay you?\n\n\\[*Delete or cross out which of the below does not apply*\\]\n\n**\\[*Non-registered interest holders* and *registered long-term lessees*\\]**\n\nIf you terminate the contract within the *settling-in period*, we must refund the *entry payment* and any recurrent charges you paid us.\n\n**\\[*Registered interest holders* except *registered long-term lessees*\\]**\n\nIf you terminate the contract within the *settling-in period*, we must refund the proceeds of the sale to which you are entitled under this contract and any recurrent charges you paid us.\n\n3.4 When are we required to pay you?\n\n\\[*Delete or cross out which of the below does not apply*\\]\n\n**\\[*Non-registered interest holders*\\]**\n\nWe must pay you the amount you are entitled to under clause 3.3 within 14 days after you terminate this contract or within such time as the *Tribunal* may order.\n\n**\\[*Registered interest holders*\\]**\n\nWe must pay you the amount you are entitled to under clause 3.3 within 14 days after the date on which we receive full payment of the *new entry payment*, except where we are required to pay you earlier under the *retirement village laws*.\n\n4 DISCLOSURE STATEMENT\n\n4.1 What if this contract is inconsistent with the disclosure statement?\n\nIf any term of this contract (other than those which have been prescribed in the *retirement village laws*) is inconsistent, to your detriment, with the disclosure statement provided to you in accordance with the *retirement village laws*, this contract is to be interpreted (as far as practicable) as if it contained the information in the disclosure statement instead of the inconsistent term.\n\n4.2 Can you terminate if the disclosure statement is false or misleading?\n\nIf the information in the disclosure statement is false or misleading in a material particular, you may apply to the *Tribunal* within 3 months of commencing occupation of your premises for an order allowing you to rescind this contract.\n\n5 SERVICES AND FACILITIES\n\n5.1 Meaning of *required services and facilities*\n\nWe must provide you with a particular service or facility which we are required to provide to the residents for the life of the village in accordance with the terms of our development consent (*required services and facilities*).\n\n5.2 Can we change the services and facilities?\n\nOther than the *required services and facilities*, we may add a new service or facility or reduce, withdraw or otherwise vary the services and facilities if residents pass the change by special resolution in accordance with the *retirement village laws*.\n\n5.3 What optional services will we provide you?\n\nA list of optional services is included in the list of services and facilities annexed to this contract. Unless Item F in the Financial Terms section indicates that recurrent charges include optional services, payment for these services and facilities is on a user-pays basis.\n\n6 ALTERATIONS AND ADDITIONS\n\n6.1 Can you alter or renovate your premises?\n\n\\[*Delete or cross out which of the below does not apply*\\]\n\n**\\[*Non-registered interest holders* and *registered long-term lessees*\\]**\n\n> (a) You may add, remove or alter any fixtures and fittings, or renovate your premises, but only with our prior written approval, which we will not unreasonably refuse. We may include reasonable conditions in our consent. If we do not consent to your proposal, you may apply to the *Tribunal* to seek an order allowing you to proceed with your proposal.\n\n> (b) Despite paragraph (a), our consent is not required to remove or alter any fixtures or fittings that were added by you unless the removal or alteration of the fixtures or fittings is likely to cause significant damage to the premises.\n\n**\\[All other *registered interest holders*\\]**\n\nYou may add, remove or alter any fixtures and fittings, or renovate your premises, provided that you obtain any other necessary consent required from any authority such as the local council or the owners corporation (for strata schemes), company (for company title) or community association (for community land schemes).\n\n7 REPAIRS, MAINTENANCE AND CAPITAL REPLACEMENT\n\n7.1 Can you request repairs?\n\nYou may request us to carry out necessary repairs and maintenance to your premises if we are responsible for those repairs and maintenance under the *retirement village laws* or the terms of this contract.\n\n7.2 What repairs and maintenance are we responsible for?\n\nSubject to clause 7.3, we must maintain each *item of capital* for which we are responsible in a reasonable condition, having regard to the following—\n\n> (a) the age of the item,\n\n> (b) the prospective life of the item,\n\n> (c) the money paid to us by the residents under a village contract (including *entry payments*),\n\n> (d) the amount of money available to be used for the purpose of maintenance in accordance with the approved annual budget for recurrent charges.\n\n7.3 What repairs and maintenance are we not responsible for?\n\nWe are not responsible for *items of capital* that—\n\n> (a) you own, or\n\n> (b) require repair because of damage (fair wear and tear excepted) caused by you or a person that you invited to the village, or\n\n> (c) are association property under a community land scheme, or\n\n> (d) are common property under a strata scheme.\n\n7.4 What general obligations do you have in relation to repairs and maintenance?\n\n> (a) You must notify us of the need for maintenance to be carried out on, or the replacement of, an *item of capital* for which we are responsible and that is located within your premises as soon as you become aware of the need for the maintenance or replacement of the item.\n\n> (b) You must reimburse us for damage (other than fair wear and tear) caused by you or a person you invited to the village to an *item of capital* for which we are responsible.\n\n> (c) You must not hinder or obstruct us or a person authorised by us from carrying out capital maintenance or capital replacement for an *item of capital* for which we are responsible.\n\n7.5 Who is responsible for the replacement of items of capital?\n\nWe must bear the cost of capital replacement for an *item of capital* for which we are responsible under the *retirement village laws*.\n\n8 OPERATOR’S ACCESS TO PREMISES\n\n8.1 When may we access the premises?\n\n**\\[All residence right types\\]**\n\nWe (or anyone authorised by us) may access your premises at any reasonable time in the following circumstances—\n\n> (a) if you consent,\n\n> (b) in an emergency or if we have reasonable cause for concern about the health or safety of a person that we believe is on your premises,\n\n> (c) to carry out urgent repairs,\n\n> (d) to carry out general maintenance, but only if we have given you 7 days notice,\n\n> (e) if the *Tribunal* orders you to give us access,\n\n> (f) in any other circumstances that may be prescribed from time to time under the *retirement village laws*,\n\n**\\[*Non-registered interest holders* (*delete or cross out if not applicable*)\\]**\n\n> (g) to carry out a general inspection of your premises, but only if—\n> \n> > (i) we have given you 7 days notice, and\n> \n> > (ii) a general inspection has not been carried out more than once in the immediately preceding 12 months.\n\n9 VILLAGE RULES\n\n9.1 How do the village rules apply?\n\nIf there are village rules—\n\n> (a) you must comply with the village rules and use your best endeavours to ensure compliance with the village rules by any person who is lawfully in your premises or who you invite to the village, and\n\n> (b) we must comply with the village rules and use our best endeavours to ensure compliance with the village rules by our residents, tenants, employees and any other person we invite to the village.\n\n9.2 What if a village rule is inconsistent with this contract?\n\nIf a village rule is consistent with the *retirement village laws* but inconsistent with a term of this contract, the village rule prevails to the extent of the inconsistency.\n\n10 GENERAL BEHAVIOUR OF OPERATOR AND RESIDENT\n\n10.1 What are your general obligations?\n\nYou must—\n\n> (a) not interfere, or cause or permit interference, with the reasonable peace, comfort or privacy of another resident, and\n\n> (b) respect our rights and the rights of our agents and employees to work in an environment free from harassment or intimidation, and\n\n> (c) not act in a manner that adversely affects the health and safety of persons working in the village.\n\n10.2 What are our general obligations?\n\nWe must—\n\n> (a) not interfere, or cause or permit interference, with the reasonable peace, comfort or privacy of a resident, and\n\n> (b) take all reasonable steps to ensure that all residents meet their obligations under their contracts, the village rules and the *retirement village laws*, so that a resident does not unreasonably interfere with the peace, comfort and quiet enjoyment of other residents, and\n\n> (c) not interfere with the right of any resident to autonomy over the resident’s personal, financial and other matters and over the resident’s possessions, and\n\n> (d) not inhibit any resident from exercising self-reliance in matters relating to the resident’s personal, domestic and financial affairs, and\n\n> (e) use our best endeavours to ensure that each resident lives in an environment free from harassment and intimidation.\n\n11 TERMINATION\n\n11.1 When does your right to occupy your premises end?\n\n\\[*Delete or cross out which of the below does not apply*\\]\n\n**\\[*Non-registered interest holders* and non-assignable *registered long-term lessees*\\]**\n\nThis contract terminates and your right to occupy your premises ends on the earliest of the following dates—\n\n> (a) the date on which you *permanently vacate* your premises,\n\n> (b) the date of disclaimer (for example, if we accept your renunciation of this contract),\n\n> (c) the date of the death of the last surviving resident under this contract,\n\n> (d) the date specified by the *Tribunal*,\n\n> (e) if we give you a notice that we are terminating this contract because it has been frustrated (for example, because the premises become uninhabitable)—the eighth day after the date specified in the notice,\n\n> (f) for non-assignable *registered long-term lessees*—if an exit entitlement order is made by the Secretary in relation to your premises—the date on which we pay you the amount required under the order,\n\n> (g) any earlier date of termination specified in the additional terms.\n\n**\\[*Registered interest holders* (other than *registered long-term lessees*)\\]**\n\nThis contract terminates and your right to occupy your premises ends on completion of the sale of your premises.\n\n**\\[Assignable *registered long-term lease*\\]**\n\nYour right to occupy your premises ends on the assignment of your lease.\n\n11.2 When can we terminate this contract?\n\n\\[*Delete or cross out if registered interest holder (other than registered long-term lessee)*\\]\n\n> (a) We can only terminate this contract, for any of the following reasons, if we obtain a decision from the *Tribunal* to allow the termination—\n> \n> > (i) on the grounds of your physical or mental incapacity,\n> \n> > (ii) for breach of contract or a village rule,\n> \n> > (iii) if you are causing serious injury or damage to a part of the village, our employees or another resident,\n> \n> > (iv) for upgrade or change of use of the village.\n\n> (b) We may give you a notice of termination if this contract has been frustrated (that is, if your premises are, otherwise than as a result of a breach of this contract, destroyed or rendered wholly or partly uninhabitable or cease to be lawfully usable for the purpose of a residence or are appropriated or acquired by any authority by compulsory process). You may seek an order of the *Tribunal* preventing the termination of the contract on this basis if you consider that the premises have not been rendered wholly or partly uninhabitable (as the case may be).\n\n12 FINDING A NEW RESIDENT WHEN YOU LEAVE\n\n12.1 Who sets the asking *new entry payment*?\n\n\\[*Delete or cross out which of the below does not apply*\\]\n\n**\\[*Non-registered interest holders*\\]**\n\nUnless the additional terms provide otherwise, the amount we ask the next resident to pay as a *new entry payment* will be determined by us, we may appoint an agent of our choice, and the process of finding a new resident for your premises will be handled by us.\n\n**\\[*Registered interest holders*\\]**\n\nYou may set the asking *new entry payment* and, if you do, you must notify us as soon as reasonably practicable of—\n\n> (a) the amount you set as the asking *new entry payment*, and\n\n> (b) any changes you make to the amount you have set as the asking *new entry payment*.\n\n12.2 Are you entitled to appoint a selling agent of your choice?\n\nYou may appoint a selling agent of your choice provided that the selling agent is licensed as a real estate agent in New South Wales if required by law. You may appoint us if we are eligible to be appointed.\n\n13 ASSIGNMENT AND SUBLETTING YOUR PREMISES\n\n13.1 Can you assign this contract?\n\n\\[*Delete or cross out which of the below does not apply*\\]\n\n**\\[Assignable leases\\]**\n\nYou may assign your contract by completing a deed of assignment and consent with the new resident(s) and us and a transfer of lease with the new resident(s).\n\n**\\[All residence right types except assignable leases\\]**\n\nYou may not assign this contract without notifying us and obtaining our consent.\n\n13.2 Can you sublet your premises?\n\n\\[*Delete or cross out which of the below does not apply*\\]\n\n**\\[*Registered interest holders*\\]**\n\n> (a) You may let or sublet your premises under a residential tenancy agreement provided that—\n> \n> > (i) the tenant is a retired person who is eligible under the *retirement village laws* to move into a retirement village, and\n> \n> > (ii) the term, together with any option to renew, is not more than 3 years, and\n> \n> > (iii) you have given us written particulars of—\n> > \n> > > (A) the name and age of the proposed tenant or subtenant, and\n> > \n> > > (B) the term of the proposed residential tenancy agreement, and\n> > \n> > > (C) other matters in relation to the proposed agreement as we may reasonably require, and\n> \n> > (iv) we have consented in writing to the residential tenancy agreement.\n\n> (b) We must apply for an order of the *Tribunal* if we refuse to give you consent.\n\n**\\[*Non-registered interest holders*\\]**\n\nYou agree that you may not assign, sublet or let others move in to your premises without notifying us and obtaining our consent. This does not apply to temporary visitors and guests.\n\n14 TEMPORARY ABSENCE\n\n14.1 What happens if you are temporarily absent from your premises?\n\nIf you plan to be away from the village for more than 28 days, you must let us know. You will not be liable to pay recurrent charges for optional services for the days you are away after 28 days of absence.\n\n15 CONDITION OF PREMISES ON TERMINATION\n\n15.1 In what condition must you leave the premises?\n\n\\[*Delete or cross out which of the below does not apply*\\]\n\n**\\[*Registered interest holders*\\]**\n\nYou are not liable to pay for the cost of any improvement to your premises in excess of that required to reinstate your premises to the condition the premises were in when you commenced occupation (fair wear and tear excepted).\n\n**\\[*Non-registered interest holders*\\]**\n\n> (a) You must leave your premises as nearly as possible in the same condition (fair wear and tear excepted) as set out in the annexed condition report, allowing (subject to the reasonable conditions of our consent) for any renovations or alterations to fixtures or fittings made with our consent. If you do not, we may require you to bear the cost of any repairs required.\n\n> (b) You are not required to refurbish your premises or pay for the cost of any improvement to your premises in excess of that required to reinstate your premises to the condition the premises were in (fair wear and tear excepted) at your entry date.\n\n16 NOTICES\n\n16.1 How are notices given and received?\n\n> (a) A notice or other document given to you under this contract may be given—\n> \n> > (i) by delivering it personally to you, by sending it by post to the residential premises occupied by you and addressed to you, or in such other manner as may be approved by the *Tribunal*, and\n> \n> > (ii) provided that it is not a termination notice, by leaving it in the mailbox at your last known address (rather than sending by post), sending it to the email address you have provided or giving it to any person apparently at or above the age of 16 years at your residential premises in the retirement village.\n\n> (b) A notice or other document given to us under this contract may be given—\n> \n> > (i) by delivering it personally to us, by sending it by post to our usual place of business, or in such other manner as may be approved by the *Tribunal*, and\n> \n> > (ii) provided that it is not a termination notice, by leaving it in the mailbox at our last known address (rather than sending by post), sending it to our email address or giving it to one of our employees.\n\n> (c) The *retirement village laws* set out the specific requirements for the giving of notices to protected persons within the meaning of the [NSW Trustee and Guardian Act 2009](/view/html/inforce/current/act-2009-049) and to operators in receivership or administration, and those requirements also apply to this contract.\n\n> (d) A notice given to a person in accordance with this clause is treated as having been given and received—\n> \n> > (i) if delivered in person, by hand or by email—on the day of delivery, or\n> \n> > (ii) if sent by post (unless evidence sufficient to raise doubt is adduced to the contrary)—on the second *business day* after it was posted, or\n> \n> > (iii) if given in a manner approved by the *Tribunal*—when the *Tribunal* deems it to have been given and received.\n\n> (e) A party may change its address for service by giving notice of that change to each other party.\n\n> (f) A notice given to a person you have appointed as your agent to receive notices in accordance with the *retirement village laws* will be deemed to have been given to you if given in accordance with this clause.\n\n17 CHANGES IN CONTRACT\n\n17.1 Can our rights and your rights under this contract be changed?\n\n> (a) You are not obliged to agree to amend or terminate this contract and enter into a new one because of changes in legislation (unless the legislation requires the amendment or termination) or for any other reason.\n\n> (b) If we propose a change to this contract, we must pay reasonable costs for a legal practitioner of your choosing to explain the proposed change to you and to provide a certificate in accordance with the requirements of the *retirement village laws*.\n\n> (c) Your rights and responsibilities and our rights and responsibilities under this contract may change if the *retirement village laws* are amended.\n\n18 DISPUTE RESOLUTION\n\n18.1 How are disputes resolved?\n\nIf a dispute arises between you and us or between you and another resident, we encourage you to notify us so we can try to resolve it but you do not have to do so if you do not wish to. If there is a dispute, you may, without prior notice to us—\n\n> (a) seek information from NSW Fair Trading by visiting www.fairtrading.nsw.gov.au or calling 13 32 20, or\n\n> (b) apply to the *Tribunal* for an order to be made under the *retirement village laws*.\n\n18.2 Where can you get information if you have a dispute?\n\nIf a dispute arises, you may seek information from NSW Fair Trading by visiting www.fairtrading.nsw.gov.au or calling 13 32 20.\n\n**ADDITIONAL TERMS**\n\nNOTE—\n\nANY ADDITIONAL TERMS ARE NOT REQUIRED BY LAW AND ARE NEGOTIABLE BEFORE YOU SIGN THIS CONTRACT.\n\nAdditional terms may be inserted here, but only if—\n\n> (a) they do not contravene the *retirement village laws* or any other law, and\n\n> (b) they are not inconsistent with the standard terms prescribed under the *retirement village laws*.\n\n**ANNEXURES**\n\nThe following documents are annexed to this contract \\[*tick applicable documents*\\]—\n\n> □ a copy of the disclosure statement that we gave you (mandatory)\n\n> □ the condition report for your premises (mandatory unless your premises are not yet constructed, you are a *registered interest holder* or you are moving into premises with a current resident)\n\n> □ a list of services and facilities we provide (mandatory)\n\n> □ the village rules (if any) (mandatory)\n\n> □ a list of inclusions\n\n> □ a list of exclusions\n\n> □ the village site plan\n\n> □ the floor plan for your premises\n\n> □ other \\[*specify*\\]—\n\n**EXECUTED** as an agreement/deed \\[*delete or cross out whichever does not apply*\\]\n\n\\[*Insert appropriate signing clause for the operator*\\]\n\n**Signed by the Resident(s)**\n\n| Resident 1 | Resident 2 |\n| □ I have obtained independent legal advice on this contract.□ I have decided not to obtain independent legal advice on this contract.Signature of Resident 1Print NameDateSignature of Witness (Resident 1)Print Name | □ I have obtained independent legal advice on this contract.□ I have decided not to obtain independent legal advice on this contract.Signature of Resident 2Print NameDateSignature of Witness (Resident 2)Print Name |\n\n\\[*Insert appropriate signing clause for any other parties if applicable*\\]","sortOrder":87},{"sectionNumber":"Schedule 2","sectionType":"schedule","heading":"Condition report","content":"# Schedule 2 Condition report\n\nSchedule 2 Condition report\n\nsection 18(2)\n\nRESIDENTIAL PREMISES CONDITION REPORT\n\n[Retirement Villages Act 1999](/view/html/inforce/current/act-1999-081), section 38\n\nAddress of residential premises—\n\nDate of inspection—\n\nHow to complete this report—\n\n| CONDITION REPORT |\n| Entrance/Hall | Clean | Undamaged | Working | Comments |\n| Front door |  |  |  |  |\n| Screen door |  |  |  |  |\n| Walls/picture hooks |  |  |  |  |\n| Doorway frames |  |  |  |  |\n| Windows/screens/locks |  |  |  |  |\n| Ceiling |  |  |  |  |\n| Light fittings |  |  |  |  |\n| Blinds/curtains |  |  |  |  |\n| Light switches |  |  |  |  |\n| Power points/switches |  |  |  |  |\n| Skirting boards |  |  |  |  |\n| Floor coverings |  |  |  |  |\n| Other |  |  |  |  |\n| Lounge room | Clean | Undamaged | Working | Comments |\n| Walls/picture hooks |  |  |  |  |\n| Doors/doorway frames |  |  |  |  |\n| Windows/screens/locks |  |  |  |  |\n| Ceiling |  |  |  |  |\n| Light fittings |  |  |  |  |\n| Blinds/curtains |  |  |  |  |\n| Light switches |  |  |  |  |\n| Power points/switches |  |  |  |  |\n| Skirting boards |  |  |  |  |\n| Floor coverings |  |  |  |  |\n| Other |  |  |  |  |\n| Dining room | Clean | Undamaged | Working | Comments |\n| Walls/picture hooks |  |  |  |  |\n| Doors/doorway frames |  |  |  |  |\n| Windows/screens/locks |  |  |  |  |\n| Ceiling |  |  |  |  |\n| Light fittings |  |  |  |  |\n| Blinds/curtains |  |  |  |  |\n| Light switches |  |  |  |  |\n| Power points/switches |  |  |  |  |\n| Skirting boards |  |  |  |  |\n| Floor coverings |  |  |  |  |\n| Other |  |  |  |  |\n| Kitchen | Clean | Undamaged | Working | Comments |\n| Walls/picture hooks |  |  |  |  |\n| Doors/doorway frames |  |  |  |  |\n| Windows/screens/locks |  |  |  |  |\n| Ceiling |  |  |  |  |\n| Light fittings |  |  |  |  |\n| Blinds/curtains |  |  |  |  |\n| Light switches |  |  |  |  |\n| Power points/switches |  |  |  |  |\n| Skirting boards |  |  |  |  |\n| Floor coverings |  |  |  |  |\n| Cupboards/drawers |  |  |  |  |\n| Bench tops/tiling |  |  |  |  |\n| Sink/taps/disposal unit |  |  |  |  |\n| Stove top/hot plates |  |  |  |  |\n| Oven/griller |  |  |  |  |\n| Exhaust fan/range hood |  |  |  |  |\n| Refrigerator |  |  |  |  |\n| Microwave |  |  |  |  |\n| Dishwasher |  |  |  |  |\n| Other |  |  |  |  |\n| Bedroom 1 | Clean | Undamaged | Working | Comments |\n| Walls/picture hooks |  |  |  |  |\n| Built-in wardrobe/shelves |  |  |  |  |\n| Doors/doorway frames |  |  |  |  |\n| Windows/screens/locks |  |  |  |  |\n| Ceiling |  |  |  |  |\n| Light fittings |  |  |  |  |\n| Blinds/curtains |  |  |  |  |\n| Light switches |  |  |  |  |\n| Power points/switches |  |  |  |  |\n| Skirting boards |  |  |  |  |\n| Floor coverings |  |  |  |  |\n| Other |  |  |  |  |\n| Bedroom 2 | Clean | Undamaged | Working | Comments |\n| Walls/picture hooks |  |  |  |  |\n| Built-in wardrobe/shelves |  |  |  |  |\n| Doors/doorway frames |  |  |  |  |\n| Windows/screens/locks |  |  |  |  |\n| Ceiling |  |  |  |  |\n| Light fittings |  |  |  |  |\n| Blinds/curtains |  |  |  |  |\n| Light switches |  |  |  |  |\n| Power points/switches |  |  |  |  |\n| Skirting boards |  |  |  |  |\n| Floor coverings |  |  |  |  |\n| Other |  |  |  |  |\n| Bedroom 3 | Clean | Undamaged | Working | Comments |\n| Walls/picture hooks |  |  |  |  |\n| Built-in wardrobe/shelves |  |  |  |  |\n| Doors/doorway frames |  |  |  |  |\n| Windows/screens/locks |  |  |  |  |\n| Ceiling |  |  |  |  |\n| Light fittings |  |  |  |  |\n| Blinds/curtains |  |  |  |  |\n| Light switches |  |  |  |  |\n| Power points/switches |  |  |  |  |\n| Skirting boards |  |  |  |  |\n| Floor coverings |  |  |  |  |\n| Other |  |  |  |  |\n| Bathroom | Clean | Undamaged | Working | Comments |\n| Walls/tiles |  |  |  |  |\n| Floor tiles/floor coverings |  |  |  |  |\n| Doors/doorway frames |  |  |  |  |\n| Windows/screens/locks |  |  |  |  |\n| Ceiling |  |  |  |  |\n| Light fittings |  |  |  |  |\n| Blinds/curtains |  |  |  |  |\n| Light switches |  |  |  |  |\n| Power points/switches |  |  |  |  |\n| Bath/taps |  |  |  |  |\n| Shower/screen/taps |  |  |  |  |\n| Shower seat |  |  |  |  |\n| Handheld shower hose |  |  |  |  |\n| Sink/taps |  |  |  |  |\n| Mirror |  |  |  |  |\n| Cabinet |  |  |  |  |\n| Vanity |  |  |  |  |\n| Towel rails |  |  |  |  |\n| Grab rails |  |  |  |  |\n| Toilet/cistern/seat |  |  |  |  |\n| Toilet roll holder |  |  |  |  |\n| Exhaust fan/vent |  |  |  |  |\n| Other |  |  |  |  |\n| Laundry | Clean | Undamaged | Working | Comments |\n| Walls/tiles |  |  |  |  |\n| Floor tiles/floor coverings |  |  |  |  |\n| Doors/doorway frames |  |  |  |  |\n| Windows/screens/locks |  |  |  |  |\n| Ceiling |  |  |  |  |\n| Light fittings |  |  |  |  |\n| Blinds/curtains |  |  |  |  |\n| Light switches |  |  |  |  |\n| Power points/switches |  |  |  |  |\n| Washing machine/taps |  |  |  |  |\n| Exhaust fan/vent |  |  |  |  |\n| Washing tub |  |  |  |  |\n| Dryer |  |  |  |  |\n| Other |  |  |  |  |\n| Security/Safety | Clean | Undamaged | Working | Comments |\n| External door locks |  |  |  |  |\n| Window locks |  |  |  |  |\n| Other security devices |  |  |  |  |\n| Smoke alarms |  |  |  |  |\n| Electrical safety switch |  |  |  |  |\n| Other |  |  |  |  |\n| General | Clean | Undamaged | Working | Comments |\n| Heating/air conditioning |  |  |  |  |\n| Staircase/handrails |  |  |  |  |\n| Balcony/porch/deck |  |  |  |  |\n| Garden |  |  |  |  |\n| Lawns/edges |  |  |  |  |\n| Clothesline |  |  |  |  |\n| Garbage bins |  |  |  |  |\n| Garage |  |  |  |  |\n| Carport |  |  |  |  |\n| Storeroom |  |  |  |  |\n| Shed |  |  |  |  |\n| Hot-water system |  |  |  |  |\n| Gutters/downpipes |  |  |  |  |\n| Other |  |  |  |  |\n| What keys are provided with the premises? | List— |\n| If the premises have carpet, when was it laid? |  |\n| If the premises have blinds or curtains, when were they installed? |  |\n| When was the kitchen installed? |  |\n| When was the bathroom last renovated? |  |\n| Is electricity available to be connected by the resident? | Yes/No |\n| Will the resident be separately billed by the supply authority for electricity charges relating to the premises? | Yes/No |\n|  | If yes, the electricity meter reading is— |  |\n| Is gas available to be connected by the resident? | Yes/No |\n| Will the resident be separately billed by the supply authority for gas charges relating to the premises? | Yes/No |\n|  | If yes, the gas meter reading is— |  |\n| Will the resident be separately billed by the supply authority for water usage charges relating to the premises? | Yes/No |\n|  | If yes, the water meter reading is— |  |\n| Is there a telephone line installed on the premises available to be connected by the resident? | Yes/No |\n| Is there the ability for the resident to connect to the internet? | Yes/No |\n|  | If yes, is the village connected to the NBN— | Yes/No |\n| Are there any signs of mould/damp? | Yes/No |\n| Are the premises generally clean and free of rubbish? | Yes/No |\n| Are there any signs of fleas, cockroaches, ants or other pests? | Yes/No |\n| At the end of the report above the signatures, insert a “prospective resident comment” box that allows the prospective resident to make any comments about the condition report above, that is, if they have noted something incorrect or that they disagree with. |\n\nPromised improvements/repairs—\n\nHas the operator agreed to make improvements/repairs to the premises? Yes/No\n\n| Work to be undertaken | Estimated completion date |\n|  |  |\n|  |  |\n\nSignature of operator or operator’s nominee—\n\nPrinted name of operator or nominee—\n\nDate of signature—\n\nNote—\n\nThe prospective resident, or the prospective resident’s nominee, should not sign this report if they do not agree with it.\n\nSignature of prospective resident or prospective resident’s nominee—\n\nPrinted name of prospective resident or nominee—\n\nDate of signature—","sortOrder":88},{"sectionNumber":"Schedule 3","sectionType":"schedule","heading":"Form of appointment of proxy","content":"# Schedule 3 Form of appointment of proxy\n\nSchedule 3 Form of appointment of proxy\n\nsection 23(1)\n\n[Retirement Villages Act 1999](/view/html/inforce/current/act-1999-081)\n\nI, \\[*insert name of resident*\\], being a resident of \\[*insert address of resident*\\], appoint \\[*insert name of proxy holder*\\] of \\[*insert address of proxy holder*\\] as my proxy to vote for me at a meeting of residents held for the purpose of considering and voting on—\n\n> (a) matters for which the consent of residents is required under the [Retirement Villages Act 1999](/view/html/inforce/current/act-1999-081), and\n\n> (b) matters affecting the management and operation of the village.\n\nI authorise my proxy to vote on my behalf in relation to \\[*tick whichever is applicable*\\]—\n\n> □ all matters raised at the meeting at my proxy’s discretion, or\n\n> □ the following matters only—\\[*specify the matters and any limitation on the manner in which you want your proxy to vote*\\].\n\nSignature of resident—\n\nDate of signature—\n\nNotes—","sortOrder":98},{"sectionNumber":"Schedule 4","sectionType":"schedule","heading":"Form of termination notice","content":"# Schedule 4 Form of termination notice\n\nSchedule 4 Form of termination notice\n\nsection 64(1)\n\nNotice of intention to seek termination—from operator to resident\n\n[Retirement Villages Act 1999](/view/html/inforce/current/act-1999-081), section 131\n\nTo \\[*insert name of resident*\\]  \nof \\[*insert address of resident*\\]\n\nThis notice is to advise you that it is our intention to apply to the Civil and Administrative Tribunal of New South Wales (the Tribunal) for an order terminating your residence contract.\n\nThis notice does not require you to vacate the premises. The decision as to whether your contract is terminated rests solely with the Tribunal. You will have an opportunity to argue your case at a hearing of the Tribunal. The registry of the Tribunal will notify you regarding the date and venue of the hearing.\n\nIf, however, you choose to move out after receiving this notice, your contract will terminate on the date on which you deliver up vacant possession of the premises. You will not be liable to pay recurrent charges that arise in relation to the premises after that date, and any refund of your ingoing contribution must be made no later than 1 month after that date.\n\nThe reason or reasons for seeking an order to terminate your residence contract are as follows \\[*tick applicable reasons*\\]—\n\n> □ In our opinion, the premises you currently occupy are no longer suitable for your continued occupation on the grounds of your physical or mental incapacity.\n\n> □ You have breached term \\[*insert term number*\\] of your village contract by \\[*insert details of alleged breach*\\].\n\n> □ You have breached village rule \\[*insert rule number*\\] by \\[*insert details of alleged breach*\\].\n\nNote—\n\nIf notice is given on the grounds of a breach of a village contract or the village rules, the Tribunal may refuse to make an order terminating the residence contract if the breach is remedied. The Tribunal may also refuse to make an order if it does not agree that the breach was serious or persistent enough to justify terminating the contract.\n\n> □ You have intentionally or recklessly caused or permitted, or are likely to intentionally or recklessly cause or permit, the following \\[*delete any that do not apply*\\]—\n> \n> > (a) serious damage to any part of the village,\n> \n> > (b) injury to the operator,\n> \n> > (c) injury to an employee of the operator,\n> \n> > (d) injury to any other resident.\n\n> □ It is our intention to carry out substantial works in the village that require vacant possession of your residential premises.\n\n> □ It is our intention to use the land on which the village is situated for a purpose other than a retirement village.\n\nSignature of operator or operator’s nominee—\n\nPrinted name of operator or nominee—\n\nDate of signature—\n\nThis notice was given personally/sent by post \\[*delete whichever is not applicable*\\].\n\nNote—\n\nThis notice lapses if the operator does not apply to the Tribunal for an order terminating your residence contract within 28 days after service of the notice.\n\nNotice of intention to seek termination—from resident to operator\n\n[Retirement Villages Act 1999](/view/html/inforce/current/act-1999-081), section 131\n\nTo \\[*insert name of operator*\\]  \nof \\[*insert address of operator*\\]\n\nThis notice is to advise you that I/we, \\[*insert name of each resident*\\] of \\[*insert address of resident/s*\\], intend to apply to the Civil and Administrative Tribunal of New South Wales (the Tribunal) for an order terminating the residence contract between us.\n\nThe reason or reasons for seeking an order to terminate the residence contract are as follows \\[*tick applicable reasons*\\]—\n\n> □ In my/our opinion, the premises I/we currently occupy are no longer suitable for my/our continued occupation on the grounds of my/our physical or mental incapacity.\n\n> □ You have breached term \\[*insert term number*\\] of my/our village contract by \\[*insert details of alleged breach*\\].\n\n> □ You have breached village rule \\[*insert rule number*\\] by \\[*insert details of alleged breach*\\].\n\nNote—\n\nIf notice is given on the grounds of a breach of a village contract or the village rules, the Tribunal may refuse to make an order terminating the residence contract if the breach is remedied. The Tribunal may also refuse to make an order if it does not agree that the breach was serious or persistent enough to justify terminating the contract.\n\nSignature of each resident or resident’s nominee—\n\nPrinted name of each resident or nominee—\n\nDate of signature—\n\nThis notice was given personally/sent by post \\[*delete whichever is not applicable*\\].\n\nNote—\n\nThis notice lapses if the resident/s does/do not apply to the Tribunal for an order terminating the residence contract to which you and the resident/s are parties within 28 days after service of the notice.","sortOrder":105},{"sectionNumber":"Schedule 5","sectionType":"schedule","heading":"Matters excluded from village contracts","content":"# Schedule 5 Matters excluded from village contracts\n\nSchedule 5 Matters excluded from village contracts\n\nsection 17","sortOrder":106},{"sectionNumber":"Schedule 6","sectionType":"schedule","heading":"Time for making applications to Tribunal","content":"# Schedule 6 Time for making applications to Tribunal\n\nSchedule 6 Time for making applications to Tribunal\n\nsection 51\n\n| Section of the Act | Time during which application may be made |\n| 18(6) | no earlier than 14 days after the date of request for general inquiry document or disclosure statement |\n| 36(3) | no earlier than 1 month after service of rescission notice |\n| 36(8)(a) or (b) | within 3 months after the date of rescission |\n| 37(3) | within 3 months after the date of rescission |\n| 53(3) | within 30 days after the date of notification of refusal to consent |\n| 107(5) | no earlier than 14 days after the date of request by Residents Committee under the Act, section 107(4) |\n| 108(1) | within 30 days after the date of notification of refusal to consent or, if residents do not notify, within 14 days after expiry of the period under the Act, section 107(2) |\n| 113 | no earlier than 59 days immediately prior to commencement of the financial year and any time until the end of the financial year |\n| 132(3) | within 7 days after the date of notification of differing opinion as to condition of premises |\n| 134(1) or (2) | within 28 days after service of termination notice |\n| 135(1) | within 30 days after the alleged incident became known to operator |\n| 140(1) | within 30 days after the date fixed for vacation by earlier Tribunal order |\n| 163(6)(a) or (b) | within 3 months after the date of receipt of claim |\n| 181(5)(a) or (b) | no earlier than 1 month before expiry of the period in the Act, section 181(2)(f) and no later than 14 days after expiry of the period in the Act, section 181(2)(f) |\n| 182(1) | within 14 days after the due date for payment |","sortOrder":117},{"sectionNumber":"Schedule 7","sectionType":"schedule","heading":"Relevant village information to be given to Secretary","content":"# Schedule 7 Relevant village information to be given to Secretary\n\nSchedule 7 Relevant village information to be given to Secretary\n\nsection 57","sortOrder":118},{"sectionNumber":"Schedule 8","sectionType":"schedule","heading":"Provisions relating to consent of residents","content":"# Schedule 8 Provisions relating to consent of residents\n\nSchedule 8 Provisions relating to consent of residents\n\nsection 68","sortOrder":125},{"sectionNumber":"Schedule 9","sectionType":"schedule","heading":"Rules of conduct for operators of retirement villages","content":"# Schedule 9 Rules of conduct for operators of retirement villages\n\nSchedule 9 Rules of conduct for operators of retirement villages\n\nsection 69","sortOrder":138},{"sectionNumber":"Schedule 10","sectionType":"schedule","heading":"Penalty notice offences","content":"# Schedule 10 Penalty notice offences\n\nSchedule 10 Penalty notice offences\n\nsection 70\n\n| Provision | Penalty |\n| Offences under the Act |\n| Section 17(5A) | $1,100 |\n| Section 18(3) | $440 |\n| Section 18(4) | $220 |\n| Section 18(5) | $2,200 |\n| Section 19(2) | $220 |\n| Section 20(1) or (3) | $550 |\n| Section 21(1) | $1,100 |\n| Section 24A(1) | $2,200 |\n| Section 27 | $2,200 |\n| Section 29(1A) | $2,200 |\n| Section 39(1) or (2) | $1,100 |\n| Section 39(3) | $550 |\n| Section 58A(2A)— |  |\n| (a) for a corporation | $2,200 |\n| (b) otherwise | $1,100 |\n| Section 58B(1)— |  |\n| (a) for a corporation | $2,200 |\n| (b) otherwise | $1,100 |\n| Section 59A | $440 |\n| Section 69A(1) or (5)— |  |\n| (a) for a corporation | $550 |\n| (b) otherwise | $220 |\n| Section 69A(12)— |  |\n| (a) for a corporation | $2,200 |\n| (b) otherwise | $1,100 |\n| Section 72A(1) or (4) | $440 |\n| Section 83C, in relation to a contravention of a section of this regulation, Schedule 9 that is an offence provision— |  |\n| (a) for a corporation | $2,200 |\n| (b) otherwise | $1,100 |\n| Section 99(5) | $2,200 |\n| Section 101(1) | $440 |\n| Section 101A(1)— |  |\n| (a) for a corporation | $2,200 |\n| (b) otherwise | $1,100 |\n| Section 106A | $1,100 |\n| Section 110(1) or (2) | $110 |\n| Section 112(1) | $2,200 |\n| Section 118A— |  |\n| (a) for a corporation | $2,200 |\n| (b) otherwise | $1,100 |\n| Section 118E(1) | $440 |\n| Section 119(1) | $1,100 |\n| Section 165(1) | $220 |\n| Section 180(2)— |  |\n| (a) for a corporation | $2,200 |\n| (b) otherwise | $1,100 |\n| Section 180(3) | $220 |\n| Section 181(2) | $1,100 |\n| Section 181(4) | $220 |\n| Section 182AC(7)— |  |\n| (a) for a corporation | $2,200 |\n| (b) otherwise | $1,100 |\n| Section 182AE(3)— |  |\n| (a) for a corporation | $2,200 |\n| (b) otherwise | $1,100 |\n| Section 182AG(6)— |  |\n| (a) for a corporation | $2,200 |\n| (b) otherwise | $1,100 |\n| Section 182C(1) | $2,200 |\n| Section 197 | $1,100 |\n| Offences under this regulation |\n| Section 57(1) or (2)— |  |\n| (a) for a corporation | $2,200 |\n| (b) otherwise | $1,100 |","sortOrder":177}],"analysis":{"flash_summary_failed":{"failed":true,"reason":"Unauthenticated. Configure AI_GATEWAY_API_KEY or use a provider module. Learn more: https://ai-sdk.dev/unauthenticated-ai-gateway","source":"analysis-cron"},"issue_detection":{"absurdities":[],"contradictions":[]},"flash_summary":{"complexity_score":9,"scope_assessment":{"changed":true,"description":"This regulation substantially expands the operational detail and administrative scope flowing from the Retirement Villages Act rather than merely filling minor procedural gaps. Compared with a minimalist subordinate instrument that simply prescribed a few forms or fees, this Regulation: (a) prescribes a mandatory standard contract and detailed annexures (Schedule 1) that limit contractual variation; (b) imposes a structured, professionalised asset‑management regime requiring independent quantity surveyor attestation and a 10‑year plan (s 35); (c) introduces wide‑ranging conduct, complaint‑handling, training and elder‑abuse obligations on operators (Schedule 9 Parts 2–6); (d) requires regular reporting to the Secretary and enables publication and data exchange (ss 57–59); and (e) sets an extensive penalty/administrative enforcement schedule (s 70, Schedule 10). These additions increase compliance obligations, reporting and governance requirements well beyond simple technical or drafting detail and therefore broaden the practical regulatory footprint of the retirement‑villages regime."},"complexity_factors":["10 Schedules with prescriptive forms (Schedules 1–10) and multiple cross-references to the Act and other statutes (eg. Corporations Act, Taxation Ruling, ABS indices).","18 defined terms listed in the regulation’s initial definitions (s 3) plus numerous additional definitions embedded in Schedules (eg. Schedule 9, Schedule 8).","Extensive cross-referencing: the regulation repeatedly implements, qualifies or supplements provisions of the Act (many sections note ‘For the Act, section …’), requiring the reader to consult both instruments.","Nested conditional logic and exceptions throughout (for example: multiple residence‑type distinctions in Schedule 1; exceptions in payment timing at items J–N).","Multiple timeframes and notice periods (eg. 7 days for information requests s 32(1); 14 days, 28 days, 60 days in different contexts; varying prescribed periods by region s 46).","Detailed quantitative rules and a formula (ARCF, s 12) that relies on external indices and 10‑year historical averages — adding calculation complexity and data dependencies.","Asset management regime with technical requirements: 10‑year asset management plan, independent qualified quantity surveyor attestation (s 35(3)), asset register specifics and recalculation triggers (ss 35–37).","Penalty architecture with a long schedule of penalty‑notice offences and different amounts for corporations vs individuals (s 70; Schedule 10).","Numerous offence provisions embedded in Schedule 9 (conduct, complaint handling, training) creating overlapping criminal/administrative duties and record‑keeping obligations (Schedule 9 Parts 2–6)."],"plain_english_summary":"**What this regulation does (mechanically)**\n\n- Establishes the form, content and procedural rules that apply to retirement villages in New South Wales by prescribing detailed requirements under the Retirement Villages Act 1999 (the Act). Key mechanical elements include:\n  - A mandatory standard form village contract that operators must use in most cases (cl.15, Schedule 1).\n  - Prescribed disclosure, promotional and marketing rules (ss 10–13; Schedule 9 Parts 3 & 4) including an Average Resident Comparison Figure (ARCF) formula that must appear in disclosure statements (s 12).\n  - Detailed financial management requirements: what must appear in proposed annual budgets, limits on contingency items, what recurrent charges cannot pay for, and the mandatory preparation and content of asset management plans and an asset register (ss 25–37).\n  - Processes and forms for meetings, voting (including postal and written ballots), proxies and special resolutions (ss 21–23; Schedule 8).\n  - Rules for complaint and internal dispute resolution, staff training and competency, elder abuse prevention strategies, conflicts of interest and operator conduct (Schedule 9).\n  - Administrative and reporting obligations: what village information must be given to the Secretary and timeframes (ss 57–59; Schedule 7).\n  - Prescribed forms and time limits for notices, Tribunal applications, termination procedures, and exit-entitlement related orders (ss 45–51, 64; Schedules 3–4, 6).\n  - A schedule of penalty‑notice offences and the amounts payable for specified contraventions (s 70; Schedule 10).\n\n**Who is affected**\n\n- Operators of retirement villages (broadly defined to include owners corporations, community associations, companies owning villages) bear the bulk of new day-to-day compliance obligations: contract form, budgets, asset management, training, complaints handling, marketing rules, disclosure, reporting to the Secretary and penalties for breaches (see ss 6, 15, 25–37, Schedule 9, ss 57–59, 70).\n- Residents and prospective residents are affected by the prescribed contract terms, strengthened disclosure, prescribed condition reports, protections on what contracts cannot require (Schedule 5), voting mechanics and dispute/complaint-handling procedures (Schedule 1, Schedule 2, Schedule 5, Schedule 8, Schedule 9).\n- Third parties (selling agents, quantity surveyors, auditors, legal advisers) are implicated by requirements to receive or produce documents, provide attestations (s 35(3), s 9 of Schedule 9, s 49).\n\n**Why it matters (official rationale and how it works in practice)**\n\n- The regulation’s stated purposes include increasing transparency for prospective and current residents, protecting residents from misleading marketing and unfair contract terms, improving governance and dispute handling, and requiring planned asset maintenance so recurrent charges are justified (see s 2 of Schedule 9 and the many disclosure, budget and asset‑management provisions at ss 11–13, 25–37).\n\n- How those aims are implemented, mechanically:\n  - Standardised contract and disclosures (Schedule 1; ss 11–13) force uniform baseline consumer information, including an ARCF that combines 84 months of recurrent charges, a departure fee and a capital gain estimate (s 12).\n  - Financial transparency: proposed budgets must itemise expenditure, show apportionment between villages or businesses, disclose methods for calculating charge variations and include a capital maintenance report and asset register derived from a 10‑year asset management plan (ss 25–27, 35–37).\n  - Operational conduct standards: operators must adopt complaint and dispute processes, elder abuse strategies, training and conflict‑of‑interest procedures, and are prohibited from certain marketing representations (Schedule 9, ss 8, 22–30; s 10).\n  - Enforcement: a comprehensive penalty‑notice schedule and offence provisions for failure to publish, maintain records, or comply with conduct standards (s 70; Schedule 10).\n\n**Testing the official rationale against likely costs, incentives and trade-offs**\n\n- Compliance costs and administrative burden fall primarily on operators.\n  - Asset management regime (10‑year plans, independent quantity surveyor attestation, record‑keeping for each major item, s 35–37) requires professional fees and ongoing administrative effort. Those costs are likely to be reflected in budgets and could increase recurrent charges unless absorbed by operators.\n  - Mandatory complaint handling, training policies, elder‑abuse strategies, records retention and conflict‑of‑interest registers (Schedule 9, Parts 5–6 and 4) create staff training, oversight and record‑keeping burdens; smaller operators may face proportionally higher per‑unit costs.\n\n- Effects on contract freedom and private choice:\n  - Operators must use the prescribed standard contract in most cases (s 15; Schedule 1). That reduces contractual variation and bargaining flexibility but increases predictability for residents.\n  - Schedule 5 forbids certain contract clauses (for example, no penalty terms, no forcing residents to buy insurance, no limiting statutory benefits) — protects residents but constrains operators’ contractual mechanisms to allocate risk or recover costs.\n\n- Incentives and potential behavioural responses:\n  - The strong disclosure and marketing constraints (s 10; Schedule 9 Parts 3 & 4) reduce the ability of operators to advertise future capital gains or preferential aged‑care access. Operators may instead emphasise other features or adjust pricing to reflect risk they cannot market as gains.\n  - Detailed budgeting and asset‑register requirements (ss 25–37) create transparency that helps residents scrutinise recurrent charges, but also provide series of compliance checkboxes; operators might shift costs into permitted categories or seek economies of scale (operate more villages) to spread administrative cost.\n\n- Opportunity costs and competition effects:\n  - Smaller, single‑village operators face fixed compliance costs (asset plans, quantity surveyors, published registers and frequent documentation requests) that may favour larger operators or those operating multiple villages who can amortise overheads across sites (see s 35(3) and s 37(2)(f)).\n  - The regulation expressly allows apportionment methods where head office costs are included in budgets but requires itemisation or undertakings (s 25(3)–(4)), which constrains opaque cross‑charging.\n\n- Implementation risk and bureaucratic discretion:\n  - The Secretary has powers to publish and exchange relevant village information (ss 58–59) and to make or consider exit‑entitlement and sale delays (ss 45–48). Those administrative roles introduce discretion in enforcement and information publication.\n  - Several provisions rely on linked definitions and external indexes (ARCF uses ABS indices, s 12(3); remaining effective life may refer to Commonwealth Taxation Ruling, s 38(6)), creating dependence on external sources and interpretation choices by operators and regulators.\n\n- Compliance certainty vs. litigation risk:\n  - The regulation prescribes forms, timing and content for many documents and notices (Schedules 1–4, s 64). That reduces ambiguity, but also makes technical non‑compliance easier to identify and penalise (Schedule 10 fines). The schedule of penalty‑notice offences (s 70) makes enforcement administrative rather than only judicial.\n\n**Who pays, who decides, what behaviour changes**\n\n- Who pays: operators bear most direct costs (planning, professional attestations, training, administration, possible higher insurance and audit costs); those costs may be reflected in recurrent charges or entry/exit payments (ss 25–37, 33). Residents gain increased disclosure and procedural protections; they pay indirectly if operator passes on compliance costs.\n- Who decides: many operational choices remain with the operator but are constrained by prescribed forms, minimum content, and residents’ voting rights (s 15, ss 25–27, Schedule 8). The Secretary and the Tribunal retain decision and enforcement roles (ss 47–51, 57–59).\n- Behaviour changes likely: more standardised contracts and disclosures; more formalised budget and asset planning; operators adjusting pricing models to reflect compliance costs and limitations on contract terms (e.g. Schedule 5 prohibitions); a probable shift toward larger operators or portfolio models where overheads are shared.\n\n**Key sections to read for operators and residents**\n- Standard contract and required terms: s 15 and Schedule 1.\n- Budget, capital maintenance and asset planning: ss 25–37.\n- Marketing and representation limits: s 10 and Schedule 9 (Parts 3 & 4).\n- Complaints, elder‑abuse strategy and staff training: Schedule 9 (Parts 5 & 6).\n- Reporting to Secretary and publication: ss 57–59 and Schedule 7.\n- Penalties and enforcement: s 70 and Schedule 10.\n\n"},"summary":{"complexity_score":4,"scope_assessment":{"changed":false,"description":"Based on the available metadata, there is no indication that the scope of this regulation has changed from its original intent. It appears to be a standard remake or continuation of retirement village regulations in NSW, consistent with the staged repeal and renewal cycle under the Subordinate Legislation Act 1989. No amendments or scope expansions are evident from the provided material."},"complexity_factors":["Operates beneath the parent Retirement Villages Act, requiring cross-referencing to understand full legal obligations","Retirement village law involves multiple intersecting areas: contract law, property law, consumer protection, and aged care","Staged repeal mechanism adds a temporal dimension that affects long-term planning for operators and residents","Insufficient legislative text was provided to assess the full complexity of specific provisions","Retirement village contracts and exit entitlement calculations are historically complex in NSW"],"plain_english_summary":"This NSW regulation governs how retirement villages operate — affecting current and prospective residents and the operators who run them — and covers fees, disclosure, exit rights, dispute handling and standards for maintenance and services. Made 22 Aug 2025, it will automatically expire on 1 Sep 2030 unless remade, forcing periodic review. Note: the full instrument text wasn’t provided; this teaser is based on the typical scope and the instrument’s status metadata, not a clause-by-clause reading."},"kimi_summary":{"_metrics":{"completionTokens":924},"content_quality":"ok","complexity_score":8,"scope_assessment":{"changed":false,"description":"This is a straightforward re-enactment and update of the 2017 regulation. The scope remains consistent with the original purpose: regulating retirement village operations, resident protections, and financial management. While it adds new provisions (elder abuse strategies, updated conduct rules, revised standard contract), these represent evolution within the established framework rather than scope expansion."},"complexity_factors":["Extensive cross-referencing with the Retirement Villages Act 1999 and other legislation (Corporations Act, Strata Schemes Management Act, Aged Care Act, etc.)","Multiple defined terms with deferred definitions (e.g., 'ballot', 'elder abuse', 'private interest' defined in schedules rather than main body)","Detailed financial formulas including the ARCF calculation with CPI indexation and ABS housing price indices","9 schedules containing forms, processes, and additional rules — including a 20+ page standard contract form","Conditional logic throughout: different rules apply based on residence type (registered vs non-registered interest holders), location (Sydney metro vs regional), and scheme type (strata, community land, company title)","Nested exceptions in financial provisions — e.g., payroll tax can only be charged to residents if wages exceed threshold OR if pre-2010 consent obtained","Multiple overlapping processes for resident consent: special resolutions, postal votes, written ballots, proxies with different quorum and timing requirements","Asset management provisions require 10-year plans, independent quantity surveyor reports, and complex triggers for revision (25% cost increase threshold net of CPI)","Extensive record-keeping obligations with specific retention periods (5 years for conflicts, complaints, training records)","Penalty notice schedule with tiered penalties (corporation vs individual) and 40+ separate offence provisions"],"plain_english_summary":"This regulation sets out detailed rules for how retirement villages in NSW must operate, with a strong focus on protecting residents' rights and money. It replaces the 2017 version and takes effect from 1 September 2025.\n\n**Key things it does:**\n\n**For residents moving in:**\n- Operators must use a standard contract form (Schedule 1) with clear sections on what you're paying for, when you can leave, and what fees apply\n- You get a 7-day cooling-off period to change your mind, and a 90-day \"settling-in period\" where you can leave with minimal penalties\n- Operators must provide a condition report documenting the state of your unit before you move in\n- There's a cap of $50 on what operators can charge you for their legal costs in preparing the contract\n\n**For your money:**\n- **Recurrent charges** (ongoing fees) can only go up in limited ways — either by a fixed formula in your contract, or by CPI, or with 60 days notice and resident consent (or Tribunal approval) if above CPI\n- **Departure fees** and **capital gains sharing** must be clearly disclosed in marketing materials\n- Operators must keep a detailed **asset register** and **10-year asset management plan** showing how they'll maintain the village's buildings and equipment\n- There's a **capital works fund** for major repairs, with strict rules on what it can be spent on\n\n**For transparency:**\n- Operators must give you a **disclosure statement** with an \"average resident comparison figure\" (ARCF) — a standardized way to compare costs across villages\n- They must make many documents available: insurance certificates, safety reports, budgets, and even records of any court cases they've been involved in\n- Annual management meetings must cover specific topics including finances, safety, and future plans\n\n**For disputes:**\n- New **rules of conduct** require operators to treat residents with respect, avoid conflicts of interest, and have proper complaint handling processes\n- Operators must have an **elder abuse prevention strategy** and train staff on it\n- The **Residents Committee** can make Tribunal applications on behalf of residents\n\n**When you leave:**\n- If your unit doesn't sell, you may be entitled to an **exit entitlement payment** from the operator after 6 months (in Sydney/Newcastle/Wollongong) or 12 months (elsewhere)\n- Operators can be ordered to pay this earlier if they're unreasonably delaying the sale\n- If you move to aged care, the operator may need to pay your **accommodation payment** until your unit sells"}},"importantCases":[],"_links":{"self":"/api/acts/retirement-villages-regulation-2025","history":"/api/acts/retirement-villages-regulation-2025/history","analysis":"/api/acts/retirement-villages-regulation-2025/analysis","conflicts":"/api/acts/retirement-villages-regulation-2025/conflicts","importantCases":"/api/acts/retirement-villages-regulation-2025/important-cases","documents":"/api/acts/retirement-villages-regulation-2025/documents"}}