New South Wales Consolidated Acts

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RETIREMENT VILLAGES ACT 1999 - SECT 118E

Quarterly accounts

118E Quarterly accounts

(1) Within 28 days after the end of the quarter to which the quarterly accounts relate, or such other period as may be prescribed by the regulations, the operator of a retirement village must provide the Residents Committee (if any) with a copy of the quarterly accounts of the income and expenditure of the village.
: Maximum penalty--20 penalty units.
(2) If, more than 28 days after the end of the quarter to which the quarterly accounts relate, a resident of the retirement village requests that the operator of the retirement village provide a copy of the quarterly accounts of the income and expenditure for the retirement village, the operator must provide a copy of the accounts to the resident within 7 days after receiving the request.
(3) The quarterly accounts are not required to be audited.



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