Retirement Villages Act 2012

The operator of a retirement village must make available at the village or a place of business in the ACT, for inspection at all reasonable times by a prospective resident, copies of the following:

a site plan for the village;

plans showing the location, floor plan and significant dimensions of residential premises available in the village;

the proposed annual budgets (if any) and the approved annual budgets for—

each of the last 3 financial years of the village; and

the current financial year; and

the next financial year (if budgets in relation to that year are available);

the accounts of the village, audited if required under division 7.5 (Annual accounts), for the last 3 financial years (excluding, during the first 4 months of a financial year, the immediately preceding financial year if the accounts for that year are not available);

examples of all village contracts that an incoming resident may be required to enter into;

the trust deed for any trust fund into which money paid by the residents is deposited;

the village rules;

the terms of the development approval, if any, for the village, if—

construction of the village is not complete; or

it is a condition of the development approval that a particular service or facility be provided for the life of the village;

if there is a capital works fund established for the village—statements of the balance in the fund as at the end of—

each of the last 3 financial years of the village; and

the most recent quarter;

if the operator is required to provide the residents with quarterly accounts—the most recent quarterly accounts of the income and expenditure of the village;

any other documents relating to the village, and to retirement villages generally, prescribed by regulation.

Section 258 prohibits the operator of a retirement village from charging for making a document mentioned in s (1) available.

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

If the village has been in operation for 3 years or less, the documents mentioned in subsection (1) (c), (d) and (i) must relate to each financial year that the village has been in operation.