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RETIREMENT VILLAGES ACT 1999 - SECT 101
Operator not to sell items of capital to residents
101 Operator not to sell items of capital to residents
(1) The operator of a retirement village must not sell any item of capital for
which the operator is responsible, or pass responsibility for any such
item of capital (whether directly or indirectly), to a resident or
prospective resident of the retirement village under a village contract or
otherwise except as provided by the regulations. : Maximum penalty--20 penalty
units.
(2) Any contract, agreement or scheme is unenforceable to the extent
that it purports to sell or pass responsibility for the maintenance or
replacement of items of capital in contravention of subsection (1).
(3) This
section does not apply to the sale of residential premises within a
retirement village, including fixtures in any such premises.
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