New South Wales Consolidated Acts
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RETIREMENT VILLAGES ACT 1999 - SECT 106A
Recurrent charges varied otherwise than by fixed formula to be increased in accordance with Act
106A Recurrent charges varied otherwise than by fixed formula to be increased
in accordance with Act
The operator of a retirement village must not increase (or attempt to
increase) recurrent charges that are to be varied otherwise than according to
a fixed formula if the increase would be--
(a) beyond any upper limit
specified in the relevant village contract, or
(b) otherwise than in
accordance with section 105A or 106.
: Maximum penalty--50 penalty units.
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