36Matters not to be financed by way of recurrent charges—

36 Matters not to be financed by way of recurrent charges— Act, s 159 (5) (b) (1) The following matters must not be financed by way of recurrent charges: (a) fees for membership of industrial or professional associations; (b) overseas travel by the operator of the retirement village or the operator’s agent or employees; (c) any costs associated with marketing vacant units within a retirement village, including costs that may have been included in wages or salaries; (d) payroll tax, unless— (i) the wages paid by the operator in relation to operating the retirement village are more than the threshold amount; or (ii) the residents of the retirement village— (A) before 4 March 2013, consented to the financing of payroll tax by way of recurrent charges; and (B) have continued to consent to the financing of payroll tax by way of recurrent charges; (e) costs associated with the operator’s head office or management or administration fees, unless the costs or fees are associated with providing services to residents of the retirement village.

Part 6 Financial management Division 6.3 Proposed and approved annual budgets Section 37 page 26 Retirement Villages Regulation 2013 Effective: 01/11/25 R12 01/11/25 Authorised by the ACT Parliamentary Counsel—also accessible at www.legislation.act.gov.au (2) In this section: threshold amount—see the Payroll Tax Act 2011, schedule 1, section 1.1