New South Wales Consolidated Acts

[Index] [Table] [Search] [Search this Act] [Notes] [Noteup] [Previous] [Next] [Download] [History] [Help]

RETIREMENT VILLAGES ACT 1999 - SECT 182AD

Content of exit entitlement orders

182AD Content of exit entitlement orders

(1) An exit entitlement order must be in a form approved by the Secretary and contain the following information--
(a) the exit entitlement that the operator is required to pay to the former occupant,
(b) how the exit entitlement must be paid, including whether it is to be paid as a lump sum or by instalments,
(c) the date by which the exit entitlement must be paid, not being earlier than 30 days after the order is served on the operator,
(d) the reasons for the making of the order,
(e) that failure to comply with the order is an offence with a maximum penalty of 100 penalty units for a corporation or 50 penalty units for an individual,
(f) other information prescribed by the regulations.
(2) An exit entitlement order may be unconditional or subject to conditions.
(3) Without limiting subsection (2), an exit entitlement order may be subject to a condition that requires the operator to notify the Secretary when the order has been complied with.



AustLII: Copyright Policy | Disclaimers | Privacy Policy | Feedback