New South Wales Consolidated Acts

RETIREMENT VILLAGES ACT 1999 - SECT 22

22 Holding deposit

(1) The operator of a retirement village must not require or accept a holding deposit in respect of any residential premises in the village that are occupied by a resident.

Maximum penalty: 50 penalty units.

(2) Subsection (1) does not apply if the resident has given the operator written notice of intention to vacate the premises.