Application of Part
28 Application of Part
In this Part—
applicable entry payment, in relation to a retirement village, means a repayable entry payment or that part of a repayable entry payment—
that is paid by or on behalf of a resident in relation to the village; and
that exceeds the amount prescribed for the purpose of this definition;
application date, in relation to a retirement village, means the date on which the first applicable entry payment is made in relation to the retirement village;
first applicable entry payment, in relation to a retirement village, means the first applicable entry payment paid by or on behalf of a resident in relation to the village.
This Act’s bill:Second reading speech
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