78Retirement villages

78 Retirement villages (1) Land is exempt land if it is occupied, or currently available for occupation, as a retirement village. (2) If the Commissioner is satisfied that only a part of land is occupied, or currently available for occupation, as a retirement village— S. 78(3) def. of *retirement village* amended by No. 28/2017 s. 63. ***retirement village*** means a complex containing residential premises (whether or not including hostel units) predominantly or exclusively occupied, or available for occupation, by retired persons under— (a) a residential tenancy agreement or any other lease or licence; or (b) a right conferred by shares; or (c) the ownership of residential premises subject to a right or option of repurchase on conditions restricting the subsequent disposal of the premises— other than a complex or premises that is or are a residential care facility or supported residential service. S. 78A inserted by No. 36/2010 s. 12.