New South Wales Consolidated Acts

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RETIREMENT VILLAGES ACT 1999 - SECT 72A

Annual management meeting to be held by operator

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 penalty units.
(2) The annual management meeting must be held not more than 4 months after the end of each financial year.
(3) The 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 of--
(a) the time and place of the meeting, and
(b) the agenda for the meeting.
: 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.
(6) The 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.
(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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