New South Wales Consolidated Acts

RETIREMENT VILLAGES ACT 1999 - SECT 182AC

182AC Secretary may make exit entitlement order

(1) The Secretary may make an exit entitlement order for a former occupant of residential premises who applies to the Secretary under section 182AB.

(2) However, the Secretary must not make an exit entitlement order if the Secretary is satisfied by the operator to whom the application relates that the operator has not unreasonably delayed the sale of the residential premises.

(3) The regulations may make provision for the matters that the Secretary must consider when determining whether or not an operator of a retirement village has unreasonably delayed the sale of residential premises.

(4) In determining whether or not to make an exit entitlement order, the Secretary must take into account submissions made to the Secretary by the former occupant and the operator, if any.

(5) If the Secretary refuses to make an exit entitlement order, the Secretary must give the operator and the former occupant written notice of the decision and the reasons for the decision.

(6) An exit entitlement order must be served on the operator and the former occupant as soon as reasonably practicable.

(7) An operator must comply with the exit entitlement order.

: Maximum penalty--100 penalty units for a corporation or 50 penalty units for an individual.