New South Wales Consolidated Acts
[Index]
[Table]
[Search]
[Search this Act]
[Notes]
[Noteup]
[Previous]
[Next]
[Download]
[History]
[Help]
RETIREMENT VILLAGES ACT 1999 - SECT 87B
Administrator may vary village contract
(1) Despite any other provision of this Act, an administrator appointed under
this Division may, with the consent of the Secretary-- (a) amend or revoke an
approved annual budget, or
(b) vary the recurrent charges payable by the
residents of the retirement village, or
(c) vary the services offered by the
retirement village.
(2) The Secretary may give consent under subsection (1)
only if, in the opinion of the Secretary, the proposed revocation, variation
or amendment is done for the purpose of-- (a) assisting in the process of
finding a new operator for the retirement village, or
(b) ensuring the
financial viability of the retirement village.
(3) Nothing done by the
administrator in accordance with this section is to be regarded as a breach of
contract or otherwise as a civil wrong.
(4) No compensation is payable to any
person because of the operation of this section or anything done under this
section.
AustLII: Copyright Policy
| Disclaimers
| Privacy Policy
| Feedback