New South Wales Consolidated Acts

RETIREMENT VILLAGES ACT 1999 - SECT 182G

182G Priority of interests

For the purposes of any order made under this Part, interests in the land concerned are to be satisfied in the following order--

(a) the costs of the sale of the land and the applicant's costs in seeking the order,

(b) any interest, mortgage, lien or other charge on or over the land created or registered before the creation of a charge under this Part, or otherwise taking priority over a charge over the land that has been created under this Part,

(c) the entitlements of residents and former occupants of the retirement village arising from village contracts in respect of which a charge over the land has been created under this Part,

(d) any interest, mortgage, lien or other charge on or over the land created or registered after the creation of a charge over the land under this Part,

(e) the interest of the registered proprietor of the land immediately before the sale of the land.