This legislation has been repealed.
35—Termination of retirement village scheme on application to Supreme
Court
(1) Subject to this
Act, a retirement village scheme cannot be terminated without the approval of
the Supreme Court while a person who has been admitted to occupation of a
residence under the scheme remains in occupation of that residence.
(2) The Minister will
be a party to any proceedings in which the Supreme Court's approval of the
termination of a retirement village scheme is sought.
(3) If the Supreme
Court approves the termination of a retirement village scheme it may make such
orders as it thinks necessary to protect the interests of existing residents.