New South Wales Consolidated Acts

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Receipts for recurrent charges

110 Receipts for recurrent charges

(1) If payment of recurrent charges in a retirement village is made in person, any person who receives the payment must, without delay, give to the person making the payment a receipt for the payment.
: Maximum penalty--5 penalty units.
(2) If the payment is not made in person, the operator of the village must, as soon as practicable after receipt of the payment, prepare or cause to be prepared a receipt for the payment and make the receipt available for collection by the resident concerned or give it to the resident.
: Maximum penalty--5 penalty units.
(3) A receipt for payment of recurrent charges is not a receipt for the purposes of this section unless it includes the following particulars--
(a) the name of the operator,
(b) the name of the resident paying the recurrent charges (or on whose behalf they are paid),
(c) the address of the residential premises concerned,
(d) the period for which the recurrent charge is paid,
(e) the date on which the payment is received,
(f) the amount of the payment.
(4) This section does not apply to recurrent charges paid in accordance with an agreement between the resident and the operator into an account at an authorised deposit-taking institution nominated by the operator.

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