Disclosure statement

Current

(1)

The operator of a retirement village must give a disclosure statement to a prospective resident within 14 days after the day the prospective resident—

(a)

requests a copy of the document; or

(b)

expresses an interest in particular premises in the village.

Maximum penalty: 20 penalty units.

(2)

An offence against subsection (1) is a strict liability offence.

(3)

The disclosure statement must comply with any requirement prescribed by regulation.

Note 1

Power to make a statutory instrument (including a regulation) includes power to make different provision in relation to different matters or different classes of matters (see Legislation Act, s 48).

Note 2

For how documents may be given, see the Legislation Act, pt 19.5.

Regulations

This provision refers to the regulations (prescribed by regulation, a regulation). Made under this Act:

Retirement Villages Regulation 2013 · under s 264

This Act’s bill:Explanatory statement Second reading speech

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24 Disclosure statement