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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— (a) written notice of the amendment; and
(b)
a copy of the amended village comparison document.
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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