New South Wales Consolidated Acts

RETIREMENT VILLAGES ACT 1999 - SECT 106A

106A Recurrent charges varied otherwise than by fixed formula to be increased in accordance with Act

The operator of a retirement village must not increase (or attempt to increase) recurrent charges that are to be varied otherwise than according to a fixed formula if the increase would be--

(a) beyond any upper limit specified in the relevant village contract, or

(b) otherwise than in accordance with section 105A or 106.

: Maximum penalty--50 penalty units.