New South Wales Consolidated Acts

RETIREMENT VILLAGES ACT 1999 - SECT 41

41 New operator to convene meeting of residents

(1) A person who proposes to become an operator of an existing retirement village (and who proposes to manage or control the village) must, at least 28 days before the person becomes the operator, report on:

(a) his or her financial ability to operate the village, and

(b) his or her plans for the future management and operation of the village (including any changes that he or she proposes to make),

at a meeting of the residents and former occupants of the village convened for that purpose in accordance with this section.

Maximum penalty: 50 penalty units.

(2) The person must convene the meeting by sending to each resident and former occupant, at least 7 days before the date of the meeting, a written notice setting out:

(a) the time and place of the meeting (which is to be held in the village if practicable, or at a venue near the village), and

(b) the reason for the meeting.