Retirement Villages Act 1992

An order under section 75B appointing a statutory manager is to —

set out the terms and conditions that the Tribunal considers appropriate to the appointment, including terms and conditions as to the remuneration and expenses payable to the statutory manager; and

specify the assets of the operator of the retirement village that are to be under the control of the statutory manager; and

specify the assets of the operator of the retirement village that may be applied for the purpose of providing funds for —

the performance by the statutory manager of the functions of the operator conferred on the statutory manager under section 75B(1); and

the payment of the remuneration and expenses of the statutory manager.

The Tribunal may give any directions it considers necessary or expedient for the purposes of this section.

Without limiting section 11, neither the Crown, the Minister nor the Commissioner is liable for the remuneration of a statutory manager or any expenses incurred by a statutory manager in performing any functions of the operator of a retirement village.