Seller’s application to ACAT concerning proposed buyer
227 Seller’s application to ACAT concerning proposed buyer
Subsection (2) applies if the operator of a retirement village does not, within 14 days after receiving written notice under section 226 (4)—
enter into a service contract with the buyer; or
apply to the ACAT under section 226 (5).
The seller may apply to the ACAT for an order directing the operator to enter into a service contract with the buyer.
Subsection (4) applies if—
the operator offers the buyer a service contract containing terms and conditions (the differing terms and conditions) substantially different from the terms and conditions of the sample contracts available for inspection under section 29 (Copies of certain documents to be made available); and
the differing terms and conditions are to the buyer’s detriment.
The seller may apply to the ACAT for an order directing the operator to enter into a service contract with the buyer that is substantially in accordance with the sample contract.
This Act’s bill:Explanatory statementSecond reading speech
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