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Retirement Villages Act 2004
40Termination of retirement village
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40 Termination of retirement village
(1) Where one or more residents have entered into occupation of residential premises in a retirement village, the retirement village is to continue to operate as such unless –
(a) the operator and all the residents agree to the termination of the retirement village; or
(b) the Supreme Court approves of the termination.
(2) If the Supreme Court approves the termination of a retirement village, the Court may make such orders as it thinks necessary to protect the interests of existing residents.