41Certain persons excluded from administration of retirement village

41 Certain persons excluded from administration of retirement village

(1)  A person to whom this section applies must not be concerned in the administration or management of a retirement village.

Penalty:  Fine not exceeding 350 penalty units.

(2)  This section applies to –

(a) a company that is subject to external administration under the Corporations Act; and

(b) an incorporated association that is being wound up under the Associations Incorporation Act 1964 ; and

(c) a person who –

(i) has during the preceding 5 years been convicted of an offence against another person or an offence involving fraud or dishonesty; or

(ii) has served a sentence of imprisonment for an offence against another person or an offence involving fraud or dishonesty, if the sentence ended during the preceding 5 years; or

(iii) is bankrupt or has applied to take the benefit of any law relating to bankrupt or insolvent debtors.