29Notice of variation by fixed formula—the Act, s 105

29 Notice of variation by fixed formula—the Act, s 105

29 Notice of variation by fixed formula—the Act, s 105

For the Act, section 105(2)(c), the following information is prescribed—

(a) the fixed formula set out in the contract,

(b) a demonstration, by an application of the formula, of the way in which the new recurrent charges have been calculated,

(c) the following statement at the beginning of the notice—

This is a notice of a variation of recurrent charges in accordance with a fixed formula.

For more information about your rights and responsibilities under retirement village laws, contact NSW Fair Trading by visiting www.fairtrading.nsw.gov.au or calling 13 32 20.