34CVoluntary sharing arrangements in site agreements

#### 34C Voluntary sharing arrangements in site agreements 34C Voluntary sharing arrangements in site agreements > > (1) A site agreement may include a voluntary sharing arrangement. > > > (2) A site agreement that includes a voluntary sharing arrangement (a VSA Site agreement) must not include— > > > > > (a) a term that requires the home owner to pay an entry fee or exit fee, or both, to the operator of the community, or > > > > > (b) a term that requires the home owner to pay a capital share amount or on-site premium to the operator of the community if the home— > > > > > > > (i) is sold to be removed from the residential site, or > > > > > > > (ii) is purchased by— > > > > > > > > > (A) the operator of the community, or > > > > > > > > > (B) a close associate of the operator. > > > (3) Subsection (2)(a) does not apply to a site agreement entered into before the commencement of this section. > > > (4) In this section— > > > > entry fee means a fixed fee relating to the entry into or establishment of the site agreement that is payable by the home owner— > > > > > (a) on or before entry into the site agreement, or > > > > > (b) as otherwise specified in the agreement. > > > > exit fee means a fixed fee payable by the home owner if the home owner sells the home or the home is removed from the residential site, but does not include— > > > > > (a) a capital share amount, or > > > > > (b) an on-site premium. > > **s 34C:** Ins 2024 No 46, Sch 1\[3\].