32J
CurrentPayment statement to be given to vacating resident
32J Payment statement to be given to vacating resident
At the same time as a person makes a payment to which section 32I applies, the person must give a statement to the vacating resident that—
(a)
sets out the exit entitlement or part payable to the vacating resident; and
(b)
shows how the exit entitlement or part is calculated; and
(c)
includes any prescribed particulars.
Penalty: 20 penalty units.
Regulations
This provision refers to the regulations (prescribed particulars
). Made under this Act:
- Retirement Villages (Contractual Arrangements) Regulations 2017 · under sections 43, 44A and 44B
- Retirement Villages Regulations 2026 · under sections 43 and 44B
This Act’s bill:Second reading speech
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