New South Wales Consolidated Acts

RETIREMENT VILLAGES ACT 1999 - SECT 87B

87B Administrator may vary village contract

(1) Despite any other provision of this Act, an administrator appointed under this Division may, with the consent of the Director-General:

(a) amend or revoke an approved annual budget, or

(b) vary the recurrent charges payable by the residents of the retirement village, or

(c) vary the services offered by the retirement village.

(2) The Director-General may give consent under subsection (1) only if, in the opinion of the Director-General, the proposed revocation, variation or amendment is done for the purpose of:

(a) assisting in the process of finding a new operator for the retirement village, or

(b) ensuring the financial viability of the retirement village.

(3) Nothing done by the administrator in accordance with this section is to be regarded as a breach of contract or otherwise as a civil wrong.

(4) No compensation is payable to any person because of the operation of this section or anything done under this section.