42Retirement village land to be registered under Land Titles

42 Retirement village land to be registered under Land Titles Act (1) The operator of a retirement village must lodge a notice with the registrar-general for registration under the Land Titles Act 1925 that the land consisting of the retirement village (or land that is part of the retirement village) is used as a retirement village. Note The registrar-general must register an instrument lodged in registrable form (see Land Titles Act 1925, s 48 (1)). (3) A notice under subsection (1) must be lodged with the registrar-general before entering into a residence contract in relation to residential premises on the land. (4) The operator must lodge with the registrar-general a new notice under this section if any of the information in a notice registered under the Land Titles Act 1925 in relation to the retirement village is no longer accurate.

(5) Nothing in this section requires the operator to lodge a notice with the registrar-general before entering into a residence contract in relation to residential premises on land that is already the subject of a notice under this section.