Retirement Villages Regulation 2025
30Notice of variation—no fixed formula and not exceeding CPI—the Act, s 105A
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30 Notice of variation—no fixed formula and not exceeding CPI—the Act, s 105A
30 Notice of variation—no fixed formula and not exceeding CPI—the Act, s 105A
For the Act, section 105A(4)(c), a notice must include the following statement at the beginning of the notice—
This is a notice of a variation of recurrent charges otherwise than in accordance with a fixed formula. The operator does not require the consent of residents as the increase does not exceed the increase in the Consumer Price Index (CPI) since the charges were last increased.
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.