Victorian Current Acts Victorian Current Acts(1) This Part applies to a retirement village if there has been paid by or on behalf of a resident an in‑going contribution which exceeds the prescribed amount, and includes a refundable in‑going contribution.
(2) This Part applies whether a refundable in-going contribution is paid after, or was paid before the commencement of this section.
(3) In this Part a reference to the application date is a reference—
S. 28(3)(a) substituted by No. 85/1998 s. 24(Sch. item 52.11).
(a) if before the commencement of this section a resident paid an in-going contribution which exceeds the prescribed amount, to the date on which—
(i) a memorial of a retirement village notice was registered under Part 1 of the Property Law Act 1958 before the commencement of section 22 of the Transfer of Land (Single Register) Act 1998 ; or
(ii) a retirement village notice is lodged for registration in the Register under the Transfer of Land Act 1958 .
(b) if after the commencement of this section there is paid in respect of a retirement village an in-going contribution which exceeds the prescribed amount and a charge has not already been created, to the date on which the in-going contribution is paid.