Retirement Villages Act 1986

A valuer appointed under section 32K—

must give a valuation of the premises or the right; and

must include in the valuation an estimate of any capital loss or capital gain on the proposed sale of the premises or conferral of the right.

A valuation under subsection (1) must—

be in writing; and

set out detailed reasons for the valuation; and

specify the matters to which the valuer had regard when determining the valuation.

A valuer who has given a valuation under subsection (1) must give a written copy of the valuation to both the person liable to pay the exit entitlement or part and the resident as soon as possible after making the valuation.