New South Wales Consolidated Acts
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RETIREMENT VILLAGES ACT 1999 - SECT 72A
Annual management meeting to be held by operator
(1) The operator of a retirement village must hold, in each financial year of
the retirement village, an annual management meeting of the residents of the
retirement village in accordance with this section.
: Maximum penalty--20
(2) The annual management meeting must be held not more than 4
months after the end of each financial year.
annual management meeting must be chaired by--
(a) the operator of the
retirement village, or
(b) a representative of the operator of the
retirement village who is authorised to answer questions put at the meeting in
accordance with this section.
(4) The operator must notify the residents of
the retirement village at least 14 days before the annual management meeting
(a) the time of the meeting, and
(b) the place at which the residents
may attend the meeting in person, and
(c) if the residents may attend the
meeting by electronic means--details of how the residents can attend and
participate in the meeting using the means, and
(d) the agenda for the
: Maximum penalty--20 penalty units.
(5) The notice referred to in
subsection (4) must also include an invitation to the residents of the
retirement village to submit--
(a) written questions to the operator at least
7 days before the meeting, and
(b) other questions at the meeting.
regulations may prescribe matters that must be included in the agenda for an
annual management meeting.
(7) If the operator of the retirement village is
required, by section 75 (2B) to be absent from any part of the meeting, the
meeting is to be chaired by a resident agreed upon by the residents at the
meeting for that purpose.
(7A) If the residents are given the option of
attending the meeting by electronic means, the chair of the meeting must take
reasonable steps to ensure each resident or former occupant can participate
in, and vote at, the meeting using the means.
(8) Nothing in this section
prevents the operator of a retirement village from calling a meeting of the
residents of the retirement village at any other time.
(9) For the avoidance
of doubt, the annual management meeting is a meeting of the residents of a
retirement village and, accordingly, the provisions of this Act applying to
meetings of the residents also apply to an annual management meeting.
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