Queensland Consolidated Acts

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RETIREMENT VILLAGES ACT 1999 - SECT 74

Village comparison documents

74 Village comparison documents

(1) The purpose of a village comparison document is to give general information about a retirement village scheme to potential residents of the retirement village, including information about—
(a) available types of accommodation, facilities and services; and
(b) amounts payable by or to residents, the scheme operator and other persons.
(2) A village comparison document must—
(a) be in the approved form; and
Note—
See section 227AA (2) .
(b) contain the information prescribed by regulation.
(3) On registration of a retirement village scheme, the document lodged with the application for registration under section 27 (2) (b) becomes the village comparison document for the scheme.
(4) Immediately after becoming aware of a material change to any of the information in the village comparison document for a scheme, the scheme operator must amend the document so it contains the correct information.
Penalty—
Maximum penalty—50 penalty units.
(5) Within 28 days after amending a village comparison document because of a material change to any of the information in the document, the scheme operator must give the chief executive written notice of the amendment.
Penalty—
Maximum penalty—540 penalty units.
(6) The scheme operator for a retirement village scheme must—
(a) publish the village comparison document on the scheme’s website so the document, or a link to the document, appears prominently on each page of the website that contains, or has a link to, marketing material for the scheme; and
(b) ensure any promotional material for the scheme that is given to a person, other than as part of a general distribution of the material in a mail-out or other way, is accompanied by a copy of the village comparison document for the scheme; and
(c) give a copy of the village comparison document for the scheme to a prospective resident within 7 days of receiving a request from the prospective resident.
Penalty—
Maximum penalty—
(a) for paragraphs (a) and (b) —50 penalty units; or
(b) for paragraph (c) —120 penalty units.
(7) Subsection (6) (b) and (c) does not apply to a person to whom a copy of the village comparison document for the scheme has previously been given if there have been no material changes to the document since the copy was given to the person.
(8) In this section—

"give" includes send by email, facsimile or other electronic means.



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