214Meaning of departure fee

214 Meaning of departure fee departure fee means— (a) an amount payable under a village contract by a former occupant of a retirement village that is calculated in relation to all or part of the period during which the former occupant has or had a residence right in relation to residential premises in the village; or (b) any other amount payable by a former occupant declared by regulation to be a departure fee; but (c) does not include recurrent charges. (2) A departure fee must be calculated on a daily basis.

(3) If a resident or former occupant of a retirement village moves to other residential premises in the village (or in another retirement village managed or controlled by the same operator or a close associate of that operator), the resident or former occupant is taken to have a continuous residence right in relation to residential premises for calculating the departure fee.