Statements to former occupants who were registered interest holders
236 Statements to former occupants who were registered interest holders
This section applies if the operator of a retirement village makes a payment to a former occupant of residential premises in the village under section 235.
At the same time as the payment is made, the operator must give the former occupant a statement setting out the following and showing how the amounts were calculated:
the departure fee, if any, payable by the former occupant;
accrued or outstanding recurrent charges, if any, payable by the former occupant;
any amount payable by the former occupant in relation to the sale of the residential premises;
any other amount payable by the former occupant under a village contract;
if the former occupant is a registered long-term sublessee—the sale price of the premises;
the amount of the payment to the former occupant.
The operator of the retirement village commits an offence if the operator does not comply with subsection (2).
Maximum penalty: 10 penalty units.
An offence against this section is a strict liability offence.
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