165Spending to be in accordance with approved annual

165 Spending to be in accordance with approved annual (1) A proposed annual budget for a financial year for a retirement village is taken to be an approved annual budget if— (a) the residents of the village consent to spending in accordance with the proposed annual budget; or (b) the ACAT orders that the operator of the village is spending as itemised in the proposed annual budget. (2) However, if the ACAT makes another order in relation to the proposed annual budget, the approved annual budget is taken to be the approved annual budget as amended in accordance with the order.