Purchaser and operator to enter into contract
32E Purchaser and operator to enter into contract
S. 32E(1) amended by No. 19/2025 s. 31(2).
If a lot owner resident sells his or her premises in a retirement village, the lot owner resident must give the operator sufficient notice of the proposed sale to enable the operator to comply with section 19.
- 60 penalty units.
S. 32E(2) amended by No. 19/2025 s. 31(3).
Any contract for the sale of the premises of a lot owner resident in a retirement village is deemed to include a provision to the effect that the contract is conditional on the purchaser entering into a management contract with the operator of the village on or before completion of the purchase.
S. 32E(3) amended by No. 19/2025 s. 31(4).
As soon as practicable after the contract for the sale of the premises is entered into, the lot owner resident must notify the operator of the retirement village in writing of that fact.
- 60 penalty units.
S. 32E(4) amended by No. 19/2025 s. 31(5)(a).
If the operator of the retirement village decides not to enter into a management contract with the purchaser, the operator must, not later than 21 days after being notified under subsection (3)—
S. 32E(4)(a) amended by No. 19/2025 s. 31(5)(b).
advise the lot owner resident of that decision and of the reasons for it; and
S. 32E(4)(b) amended by No. 19/2025 s. 31(5)(a)(c).
apply to VCAT for an order declaring that the operator is not obliged to enter into the management contract.
S. 32F (Heading) amended by No. 19/2025 s. 32(1).
S. 32F inserted by No. 4/2005 s. 10, amended by No. 19/2025 s. 32(2).
This Act’s bill:Second reading speech
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