12Disclosure statement—the Act, s 18(3A)

12 Disclosure statement—the Act, s 18(3A)

12 Disclosure statement—the Act, s 18(3A)

(1) A disclosure statement must—

(a) be in the form published in Government Gazette No 315 of 1 August 2025, and

(b) include the average resident comparison figure (ARCF) for the premises, and

(c) contain a copy of the village rules.

(2) For this section, the ARCF is calculated in accordance with the following formula—

where—

RC means the total amount of recurrent charges payable under the village contract over 84 months.

DF means the departure fee payable by the resident if the premises are permanently vacated after 84 months.

CG means the capital gain payable to the operator by the resident after 84 months.

(3) If the ARCF requires the calculation of an amount for the future value of the premises or the entry payment payable by the next resident, the amount must be calculated by varying the outgoing resident’s entry payment in accordance with the average annual change in the March quarterly variation for the preceding 10 years of whichever of the following indices published by the Australian Bureau of Statistics is applicable to the location of the premises—

(a) Median Price of Established House Transfers (unstratified); Sydney index,

(b) Median Price of Established House Transfers (unstratified); Rest of NSW index,

(c) Median Price of Attached Dwelling Transfers (unstratified); Sydney index,

(d) Median Price of Attached Dwelling Transfers (unstratified); Rest of NSW index.