New South Wales Consolidated Acts

RETIREMENT VILLAGES ACT 1999 - SECT 44C

44C Operator to refund certain payments made by resident

If a village contract is terminated in accordance with this Division, the operator of the retirement village is to refund or pay to the former occupant--

(a) in the case of a former occupant who is a registered interest holder (other than a person referred to in section 7 (1) (c))--the proceeds from the sale of the residential premises to which the resident is entitled under the village contract, and

(b) in the case of any other former occupant--any ingoing contribution paid to the operator under the village contract, and

(c) any recurrent charges paid to the operator under the village contract, and

(d) such other amounts as may be prescribed by the regulations.