Meaning of maintenance charge
3C Meaning of maintenance charge
In this Act, maintenance charge means a recurring charge payable by a resident of a retirement village under a residence contract, management contract or other retirement village contract—
for the provision of goods or services (other than optional services) by the operator of the retirement village; or
to contribute to the costs of managing the retirement village, including—
the costs of employing or engaging persons in relation to the retirement village; and
the costs of maintaining facilities in the retirement village and capital maintenance in the retirement village.
A maintenance charge does not include any amount paid to an owners corporation under Division 1 of Part 3 of the Owners Corporations Act 2006.
S. 3D inserted by No. 19/2025 s. 7.
This Act’s bill:Second reading speech
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