Retirement Villages Act 2016

It will be a term of every agreement that will result in a change in the operator of a retirement village (including a change by virtue of the sale of an interest in the land within the village) that, before the change is effected, the operator will convene a meeting of residents under this section at which the person who is to be the new operator (or their representative) will—

present a report on any changes that are proposed for the retirement village (including any proposal to change a charge, fee or levy payable by residents), and their plans for the future management and operation of the retirement village; and

answer any reasonable question put by a resident.

A meeting will be convened by sending to each resident, at least 10 business days before the date of the meeting, a written notice setting out—

the time and place of the meeting; and

the reason for the meeting.

If a change in an operator of a retirement village is effected by an agreement without compliance with the term referred to in subsection (1), the former operator and the person who is the new operator are each guilty of an offence.