The objects of this Act are—
(a) to
provide a regulatory framework for the operation of retirement villages in
South Australia under which a balance is achieved between the rights and
responsibilities of—
(i)
residents of retirement villages; and
(ii)
operators of retirement villages;
(b) to
encourage best practice management standards among the operators of
retirement villages;
(c) to
ensure that there is proper disclosure of information to prospective residents
of retirement villages;
(d) to
regulate the making, content, operation and termination of
residence contracts;
(e) to
ensure that residents are properly consulted about matters affecting their
residence in the retirement village;
(f) to
provide for dispute resolution processes.