Queensland Consolidated Acts

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RETIREMENT VILLAGES ACT 1999 - SECT 14

What is an ingoing contribution

14 What is an ingoing contribution

(1) An
"ingoing contribution" is the amount payable by a person under a residence contract to secure the person’s, or someone else’s, right to reside in a retirement village, but does not include a recurrent payment for rent, fees or charges.
(2) It is immaterial whether—
(a) the right to reside in the village is enforceable or not; or
(b) the payment alone secures the right, or something else is also required to secure it.



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