Queensland Consolidated Acts
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RETIREMENT VILLAGES ACT 1999 - SECT 106
Increasing the total general services charge
(1) This section limits the amount (the
"total general services charge" ), fixed by the scheme operator of a
retirement village under section 102A in the general services charge budget
for a financial year, that is to be raised by imposing a general services
charge on each resident in the village for the financial year.
(2) A scheme
operator must not fix a total general services charge for a financial year at
an amount that is an increase on the amount of the
total general services charge for the previous financial year of more than the
CPI percentage increase. Penalty— Maximum penalty—200 penalty units.
(3) Subsection (2) does not apply to the operator to the extent the increase
in the total general services charge— (a) has been agreed to by the
residents by special resolution at a residents meeting; or
(b) is allowed
under section 107 .
(4) In this section—
"CPI" means the all groups consumer price index for Brisbane published by the
Australian statistician.
"CPI percentage increase" , for a financial year, means the percentage
increase between— (a) the CPI published for the third quarter of the
financial year before the previous financial year; and
(b) the CPI published
for the third quarter of the previous financial year.
Example— Under
subsection (2) , a scheme operator must not fix a
total general services charge for the 2018–2019 financial year at an amount
that is an increase on the amount of the total general services charge for the
2017–2018 financial year of more than the CPI percentage increase.
The relevant CPI percentage increase is the percentage increase between the
CPI published for the third quarter of the 2016–2017 financial year and the
CPI published for the third quarter of the 2017–2018 financial year.
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