QLDIn ForceRegulation
Retirement Villages Regulation 2018
sch.5A-sec.7Expected income of maintenance reserve fund
Start here
Get a plain-English read of sch.5A-sec.7
Turn the raw legal text into a practical explanation grounded in Retirement Villages Regulation 2018.
### sch.5A-sec.7 Expected income of maintenance reserve fund
The statement must have a section for the expected income of the maintenance reserve fund that—
lists, as separate line items, each type of expected income; and
states the total of the maintenance reserve fund contributions expected to be paid into the fund; and
if not stated in a disclosure note under section 18 (b) , states—
the total of the maintenance reserve fund contributions expected to be paid by residents and former residents; and
the total of the maintenance reserve fund contributions expected to be paid by the scheme operator under section 105 (1) (a) and (c) of the Act ; and
states the total expected income of the fund.
- (a) lists, as separate line items, each type of expected income; and
- (b) states the total of the maintenance reserve fund contributions expected to be paid into the fund; and
- (c) if not stated in a disclosure note under section 18 (b) , states— (i) the total of the maintenance reserve fund contributions expected to be paid by residents and former residents; and (ii) the total of the maintenance reserve fund contributions expected to be paid by the scheme operator under section 105 (1) (a) and (c) of the Act ; and
- (i) the total of the maintenance reserve fund contributions expected to be paid by residents and former residents; and
- (ii) the total of the maintenance reserve fund contributions expected to be paid by the scheme operator under section 105 (1) (a) and (c) of the Act ; and
- (d) states the total expected income of the fund.
- (i) the total of the maintenance reserve fund contributions expected to be paid by residents and former residents; and
- (ii) the total of the maintenance reserve fund contributions expected to be paid by the scheme operator under section 105 (1) (a) and (c) of the Act ; and