Queensland Consolidated Regulations Queensland Consolidated Regulations
"aged care facility" means a facility at which residential care is provided by
an approved provider under the Aged Care Act 1997 (Cwlth) .
"Australian Accounting Standards" means the accounting standards issued by the
Australian Accounting Standards Board.
"capital replacement fund budget" see section 93 of the Act .
"capital replacement quantity surveyor report" means a report prepared under
section 92 (1) of the Act .
"community titles scheme" means a community titles scheme within the meaning
of the Body Corporate and Community Management Act 1997 .
"declaration date" —
(a) for a closure plan—means the date of the declaration required for the plan under schedule 1A , item 40; or
(b) for a transition plan—means the date of the declaration required for the plan under schedule 1B , item 34; or
(c) for a redevelopment plan—means the date of the declaration required for the plan under schedule 4A , item 48.
(a) for income—expected to be received in the financial year to which the budget relates; or
(b) for expenditure—expected to be incurred in the financial year to which the budget relates.
(a) who is required under section 104 of the Act to pay the whole or a proportion of a general services charge or maintenance reserve fund contribution for the retirement village; or
(b) whose freehold property in the retirement village has not been sold; or
(c) whose exit entitlement relating to an accommodation unit in the retirement village has not been paid to the person entitled to receive it under section 63 of the Act .
(a) a capital replacement fund budget;
(b) a maintenance reserve fund budget;
(c) a general services charge budget.
(a) for a statement, mentioned in section 16D (2) (a) , prepared for an annual financial statement—the financial year to which the annual financial statement relates; or
(b) for a statement, mentioned in section 16E (2) (a) , prepared for a quarterly financial statement—the financial quarter to which the quarterly financial statement relates.
(a) rates, taxes or charges levied under an Act in relation to the retirement village land or its use;
(b) salary or wages of a person engaged in the retirement village’s operation and payable under an award, certified agreement or other industrial instrument made, approved, certified or continued in force under the Industrial Relations Act 2016 or a Commonwealth Act;
(c) insurance premiums, or insurance excesses paid, in relation to the retirement village or its use;
(d) an expense incurred by a manager, or an amount charged by a manager, that must be paid from the general services charges fund under section 38A (1) (a) of the Act .
Examples—1 expenditure of a scheme operator that relates to 2 or more retirement villages2 expenditure of a parent corporation of a scheme operator for management and administration activities for 2 or more retirement villages or aged care services3 expenditure of a scheme operator shared with a body corporate of the retirement village4 expenditure of a scheme operator shared with an entity located with the retirement village, for example, an aged care service
(a) access to the retirement village by persons with a disability; or
(b) use of the retirement village by all persons, to the greatest extent possible, without adaptation or specialised design.
(a) the capital replacement fund;
(b) the general services charges fund;
(c) the maintenance reserve fund.