Retirement Villages Act 2012
74Operator to refund certain payments made by resident
Start here
Get a plain-English read of 74
Turn the raw legal text into a practical explanation grounded in Retirement Villages Act 2012.
74 Operator to refund certain payments made by resident If a village contract is ended under this division, the operator of the retirement village must refund or pay to the former occupant— (a) for a former occupant who is a registered interest holder (other than a registered long-term sublessee)—the proceeds from the sale of the residential premises to which the resident is entitled under the village contract; and (b) any ingoing contribution paid to the operator under the village (c) any recurrent charges paid to the operator under the village (d) any other amount prescribed by regulation.