New South Wales Consolidated Acts

RETIREMENT VILLAGES ACT 1999 - SECT 102A

102A Meaning of "prescribed CPI variation"

(1) In relation to a proposed variation in recurrent charges that is the first variation under a village contract, the
"prescribed CPI variation" is, for the purposes of this Division, the variation that would result from the recurrent charges being increased in proportion to the difference between--

(a) the Consumer Price Index published most recently before the village contract was entered into, and

(b) the Consumer Price Index published most recently before the written notice of the proposed variation is given,

rounded to the nearest dollar.

(2) In relation to a proposed variation in recurrent charges that is not the first variation under a village contract, the
"prescribed CPI variation" is, for the purposes of this Division, the variation that would result from the recurrent charges being increased in proportion to the difference between--

(a) the Consumer Price Index published most recently before those charges were last varied, and

(b) the Consumer Price Index published most recently before the written notice of the proposed variation is given,

rounded to the nearest dollar.