32Definitions—pt 4

32 Definitions—pt 4 holding deposit means money paid by or on behalf of a prospective resident to the operator of a retirement village in consideration for not offering particular residential premises in the village to any other person pending the prospective resident’s entering into a residence contract with the operator. trustee means— (a) the public trustee and guardian; or (b) the lawyer for an operator of a retirement village; or (c) a real estate agent; or (d) a licensed trustee company under the Corporations Act, section 601RAA; or (e) someone else prescribed by regulation. waiting list fee, for a retirement village, means any amount paid to the operator of the village, other than— (a) an ingoing contribution; or (b) a holding deposit; or (c) a payment under a village contract in relation to the village.