New South Wales Consolidated Acts

RETIREMENT VILLAGES ACT 1999 - SECT 182AK

182AK Tribunal may make orders about prescribed components

(1) This section applies to a former occupant--

(a) to whom section 182AF applies, and

(b) who is of the opinion that the prescribed component of the former occupant's exit entitlement was not calculated in accordance with this Act or the relevant village contract.

(2) A former occupant may apply to the Tribunal for an order to--

(a) require the operator of a retirement village to recalculate the amount of the prescribed component in accordance with the directions of the Tribunal, and

(b) pay an additional amount, if any, due to the former occupant as a result of the recalculation.

(3) The Tribunal may--

(a) make an order under this section if satisfied that the prescribed component of an exit entitlement was not calculated in accordance with this Act or the relevant village contract, and

(b) order the payment of interest on the additional amount, if any, at the rate prescribed by the regulations if the Tribunal considers it appropriate.