34
CurrentRepayment of waiting list fees—prospective resident enters village contract
Part 4Entry into retirement villages
34 Repayment of waiting list fees—prospective resident enters village contract
(1)
This section applies if—
(a)
a waiting list fee for a retirement village was paid by or on behalf of a prospective resident; and
(b)
the prospective resident later enters into a village contract in relation to the village.
(2)
The operator of a retirement village must refund the waiting list fee to the person who paid the fee.
(3)
Subsection (2) does not apply if—
(a)
an ingoing contribution is payable in relation to the retirement village; and
(b)
the operator deducts the waiting list fee from the ingoing contribution.
This Act’s bill:Explanatory statementSecond reading speech
Research tools for this sectionSubscription
The statute text is free to read above. View subscription options to unlock the case-law research tools for each provision.