40Making good of deficit—Act, s 174 (3) (c)

40 Making good of deficit—Act, s 174 (3) (c) The operator of a retirement village may carry forward a deficit to a later financial year to the extent that the deficit is caused by— (a) the urgent repair (but not replacement) of a capital item; or Note Urgent—see the Act, s 136. (b) an increase in the cost of the following: (i) utilities (other than telephone); (ii) statutory charges, including rates and taxes; (iii) wages and salaries increased under an award or industrial agreement, or a fair work instrument made under the Fair Work Act 2009 (Cwlth); (iv) workers compensation and public liability insurance.

Disputes Part 7 Dispute resolution Division 7.1 Section 41 R12 01/11/25 Retirement Villages Regulation 2013 Effective: 01/11/25 page 29 Authorised by the ACT Parliamentary Counsel—also accessible at www.legislation.act.gov.au Part 7 Disputes Division 7.1 Dispute resolution