Sch 6Village contracts

Schedule 6 — Village contracts

Division 1 — Provisions and matters that must be included in village contracts

1.Retirement village information90

2.Retirement village land90

3.Operator information90

4.Resident and party information90

5.Resident’s residential premises information91

6.Tenure91

7.Related contracts91

8.Rescission rights and cooling‑off period91

9.Statement about seeking independent legal and financial advice91

10.Ingoing charges91

11.Specification of included items92

12.Ongoing charges92

13.Provision and availability of services and amenities92

14.Financial arrangements and budget obligations93

15.Modifications of retirement village prohibited otherwise than in accordance with Part 3D of Act93

16.Restrictions on use of premises93

17.Insurance94

18.Urgent repairs94

19.Condition of residential premises and included items95

20.Minor alterations to residential premises96

21.Outgoing charges96

22.Reinstatement and renovation96

23.Sharing of capital gain or capital loss96

24.Time, manner and recipient of exit entitlement payment97

Division 2 — Provisions and matters that must not be included in village contracts

25.Terms used97

26.Operator cannot require resident to give power of attorney97

27.Operator cannot accept resident’s power of attorney98

28.Operator cannot nominate donee of resident’s power of attorney98

29.Matters relating to variation and notice not to be included in village contract98

30.Financial matters not to be included in village contract99