14C

Prospective resident information statements

Current

(1)

The purpose of a prospective resident information statement is to give a person a summary of —

(a)

the estimated costs of the person —

(i)

entering into occupation of residential premises in a retirement village; and

(ii)

living in the retirement village; and

(iii)

permanently vacating the residential premises;

and

(b)

the rights and obligations of a resident under this Act.

(2)

A prospective resident information statement must —

(a)

be in the approved form; and

(b)

contain the prescribed information.

(3)

The operator of a retirement village must give a person a prospective resident information statement in the prescribed way —

(a)

if the operator, within 7 days after the day on which the person asks for the statement, requests, in writing, information from the person reasonably necessary to prepare the statement — within 7 days after the day on which the person gives the operator the information; or

(b)

otherwise, within 7 days after the day on which the person asks for the statement.

Penalty for this subsection: a fine of $20 000.

(4)

Subsection (3) does not apply if the operator believes on reasonable grounds that the person has not asked for the prospective resident information statement for the purpose of considering or deciding whether the person is or might be interested in becoming a resident of the retirement village.

[Section 14C inserted: No. 42 of 2024 s. 11.]

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