Ending of residence contract on grounds of retirement village ceasing to operate
191 Ending of residence contract on grounds of retirement village ceasing to operate
The Supreme Court may, on application by the administrator of a retirement village, make an order ending the village contracts in relation to the village if satisfied there is no reasonable prospect of finding a new operator for the village.
If the court makes an order, the court—
must, as far as the order relates to residence contracts, state in the order a day by when the residents who are affected by the order must vacate their residential premises in the retirement village; and
may order the operator or former operator (other than an administrator of the retirement village) to pay compensation to each resident affected by the order for the resident’s loss of the benefit of the village contract; and
may make any other order it considers appropriate.
Division 9.5 Suspension or refusal of orders for ending of residence contract
This Act’s bill:Explanatory statementSecond reading speech
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