New South Wales Consolidated Acts

RETIREMENT VILLAGES ACT 1999 - SECT 136A

136A Termination on grounds of retirement village ceasing to operate

(1) The Supreme Court may, on application by the administrator of a retirement village appointed under Division 6 of Part 6, make an order terminating the village contracts with respect to the retirement village if the Court is satisfied there is no reasonable prospect of finding a new operator for the retirement village.

(2) If the Court makes an order under this section, the Court--

(a) must, insofar as the order relates to residence contracts, fix in the order a date by which the residents who are affected by the order must vacate their residential premises in the village, and

(b) may order an operator or former operator (other than an administrator appointed under Division 6 of Part 6) to pay compensation to each resident affected by the order for the resident's loss of rights under a village contract, and

(c) may make such other orders as it thinks fit.