New South Wales Consolidated Acts

RETIREMENT VILLAGES ACT 1999 - SECT 37

37 Consequence of resident's rescission of other village contract

(1) As soon as is reasonably practicable (and no later than one month) after a rescission notice that applies to a village contract other than a residence contract or a service contract takes effect, the rescinding party is to be repaid all money paid by or on behalf of the party under the rescinded contract.

(2) The Tribunal may, on the application of the rescinding party, order the other party to the rescinded contract to comply with subsection (1).

(3) Either party to a rescinded contract referred to in this section is entitled to make a claim to the Tribunal for such compensation, adjustment or accounting as is just and equitable between the parties having regard to any benefits that the rescinding party received under the contract before its rescission, but not so as to affect rights and obligations under this section.