Retirement village land to be registered under Land Titles Act
42 Retirement village land to be registered under Land Titles Act
The operator of a retirement village must lodge a notice with the registrar-general for registration under the Land Titles Act 1925 that the land consisting of the retirement village (or land that is part of the retirement village) is used as a retirement village.
Maximum penalty: 50 penalty units.
The registrar-general must register an instrument lodged in registrable form (see Land Titles Act 1925, s 48 (1)).
An offence against subsection (1) is a strict liability offence.
A notice under subsection (1) must be lodged with the registrar‑general before entering into a residence contract in relation to residential premises on the land.
The operator must lodge with the registrar‑general a new notice under this section if any of the information in a notice registered under the Land Titles Act 1925 in relation to the retirement village is no longer accurate.
Nothing in this section requires the operator to lodge a notice with the registrar-general before entering into a residence contract in relation to residential premises on land that is already the subject of a notice under this section.
This Act’s bill:Explanatory statementSecond reading speech
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