New South Wales Consolidated Acts New South Wales Consolidated ActsIn this Part--
"accommodation agreement" means an accommodation agreement between an approved
provider and a former occupant within the meaning of the Aged Care Act 1997 of
the Commonwealth.
"accommodation payment" means a daily accommodation payment within the meaning
of the Aged Care Act 1997 of the Commonwealth that, under an accommodation
agreement, a former occupant is required to pay to an approved provider of an
aged care facility in which the former occupant resides or proposes to reside.
"aged care facility" means a building or part of a building used or intended
to be used for the provision of residential care, within the meaning of the
Aged Care Act 1997 of the Commonwealth, by an approved provider under that
Act.
"agreed valuation" , for an exit entitlement in Division 2, means an estimate
of the value of a former occupant's residential premises calculated by--
(a) agreement between the former occupant and the operator of the retirement village, or
(b) if the former occupant and the operator cannot agree--a determination by an independent valuer under section 182AI.
(a) following the sale of the premises, or
(b) for Division 2--if the premises were sold for the agreed valuation.