New South Wales Consolidated Acts

RETIREMENT VILLAGES ACT 1999 - SECT 101

101 Operator not to sell items of capital to residents

(1) The operator of a retirement village must not sell any item of capital for which the operator is responsible, or pass responsibility for any such item of capital (whether directly or indirectly), to a resident or prospective resident of the retirement village under a village contract or otherwise except as provided by the regulations.

: Maximum penalty--20 penalty units.

(2) Any contract, agreement or scheme is unenforceable to the extent that it purports to sell or pass responsibility for the maintenance or replacement of items of capital in contravention of subsection (1).

(3) This section does not apply to the sale of residential premises within a retirement village, including fixtures in any such premises.