Commonwealth Numbered Acts

non-homeowner AVL SOCIAL SECURITY ACT 1991 No. 46, 1991 - SECT 1149

1149. If a person who has a right to live in a retirement village under an
agreement enters into a new agreement under which the person obtains a right
to live in the retirement village, then, for the purposes of this Division,
the total amount paid, or agreed to be paid, for the person's current right to
live in the retirement village is the sum of the following amounts:

   (a)  the total amount paid under the new agreement for that right; and

   (b)  so much (if any) of:

   (i)  any amount paid under an earlier agreement to obtain a right for the
        person to live in the retirement village; and

   (ii) any amount that was, or would have been, payable to the person upon
        the termination of an earlier agreement; as ought, in the Secretary's
        opinion, to be attributed to the cost of the person's current right to
        live in the retirement village.