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Retirement Villages Regulation 2018
sch.5B-sec.30Declarations by scheme operator
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### sch.5B-sec.30 Declarations by scheme operator
An annual financial statement must include a declaration by the scheme operator as to whether—
the statement has been prepared in accordance with the Act ; and
the information in the statement is true and correct; and
the statement was prepared on the assumption the retirement village scheme is a going concern.
An annual financial statement must include a declaration by the scheme operator as to whether the bank accounts for the capital replacement fund, maintenance reserve fund and general services charges fund have been operated in accordance with the Act .
An annual financial statement must include a declaration by the scheme operator as to whether the scheme operator is able to pay all the operator’s debts relating to the retirement village as they become payable.
(sch.5B-sec.30-ssec.1) An annual financial statement must include a declaration by the scheme operator as to whether— the statement has been prepared in accordance with the Act ; and the information in the statement is true and correct; and the statement was prepared on the assumption the retirement village scheme is a going concern.
(sch.5B-sec.30-ssec.2) An annual financial statement must include a declaration by the scheme operator as to whether the bank accounts for the capital replacement fund, maintenance reserve fund and general services charges fund have been operated in accordance with the Act .
(sch.5B-sec.30-ssec.3) An annual financial statement must include a declaration by the scheme operator as to whether the scheme operator is able to pay all the operator’s debts relating to the retirement village as they become payable.
- (a) the statement has been prepared in accordance with the Act ; and
- (b) the information in the statement is true and correct; and
- (c) the statement was prepared on the assumption the retirement village scheme is a going concern.