Interpretation
32H Interpretation
In this Part—
appointed valuer means a valuer appointed under section 32K.
In this Part, a reference to a person liable to pay an exit entitlement or a part of an exit entitlement (however expressed) is a reference to—
the operator of the retirement village, for any exit entitlement or that part of any exit entitlement that the operator is liable to pay to a vacating resident of the village under the retirement village contracts of the resident; and
the proprietor of the retirement village, for any exit entitlement or that part of any exit entitlement that the proprietor is liable to pay to a vacating resident of the retirement village under the retirement village contracts of the resident.
This Act’s bill:Second reading speech
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